GBP/USD Open 1.5791 High 1.5830 Low 1.5753 Close 1.5792
On Monday Pound/Dollar continued decreased insignificantly with 45 pips. The Cable depreciated from 1.5830 to 1.5786 yesterday, in line with the negative money flow sentiment at bellow -19%, closing the day at 1.5792. Today the British descended slightly further to 1.5753.
On the 1 hour the upward channel is on hold, while on the 3 hour chart quotes broke up of the wide trading range. First resistance is yesterday's peak at 1.5830. Break above it should extend the bullish movement further towards 1.5953. The nearest support level is today's bottom at 1.5753. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5632.
There are no major economic events for UK today.
Quotes are moving just bellow the 20 and in line with the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term neutral pressure. The value of the RSI indicator is negative and calm, MACD is positive and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 1.5830 1.5953 1.6090
Technical support levels: 1.5753 1.5632 1.5500
Already made +4 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:14 GMT+1 Sell GBP/USD at 1.5772 SL 1.5798 TP 1.5712, exit sent at 5:26 GMT+1.
Today so far +20, yesterday +55, as shown at http://www.zifx.com/performance-past.php.