GBP/USD Open 1.5436 High 1.5692 Low 1.5427 Close 1.5455
On Wednesday Pound/Dollar decreased significantly with 250 pips. The Cable depreciated from 1.5692 to 1.5436 yesterday, in converse with the positive Interbank sentiment at almost +46%, closing the day at 1.5455. Today the British Pound descended even further, reaching 1.5427. On the 1 hour chart quotes are held within trading range, while on the 3 hour chart wider range trading is emerging. First resistance is yesterday's peak at 1.5692. Break above it should extend the bullish movement further towards 1.5820. The nearest support level is today's bottom at 1.5427. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5300. There are no major economic events for UK today. Quotes are moving just bellow the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and hesitant, MACD is negative and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 1.5692 1.5820 1.5953
Technical support levels: 1.5427 1.5300 1.5164
Trading range: 1.5470 - 1.5400
Sell at 1.5460 SL 1.5490 TP 1.5410
Already made +10 pips profit on GBP/USD today from the following sent to clients only signal:
5:20 GMT Sell GBP/USD at 1.5458 SL 1.5484 TP 1.5398, exit sent at 8:34 GMT+1.
Today so far +60, yesterday +45, as shown in details at http://www.zifx.com/performance.php.