GBP/USD Open 1.5638 High 1.5718 Low 1.5579 Close 1.5646
On Monday Pound/Dollar increased with 140 pips. The Cable appreciated from 1.5579 to 1.5718 yesterday, in line with the positive Interbank sentiment at nearly +1%, closing the day at 1.5646. Today the British Pound is showing weakness, but movements are still within yesterday's range for the time being. On the 1 hour chart range trading is emerging, while on the 3 hour chart quotes are keeping within the wide trading range. First resistance is yesterday's peak at 1.5718. Break above it should extend the bullish movement further towards 1.5840. The nearest support level is yesterday's bottom at 1.5579. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5450. There are no major economic events for UK today. Quotes are moving just bellow the crossed and almost even 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and inclining upwards, MACD is neutral and tranquil, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 1.5718 1.5840 1.5977
Technical support levels: 1.5579 1.5450 1.5316
Trading range: 1.5650 - 1.5580
Sell at 1.5640 SL 1.5670 TP 1.5590
Already made +31 pips profit on GBP/USD today from the following sent to clients only signal:
5:23 GMT Sell GBP/USD at 1.5621 SL 1.5647 TP 1.5561, exit sent at 8:09 GMT+1.
Today so far +123, yesterday +56, as shown in details at http://www.zifx.com/performance.php.