GBP/USD Open 1.5701 High 1.5737 Low 1.5633 Close 1.5711
On Thursday Pound/Dollar increased with 100 pips. The Cable appreciated from 1.5633 to 1.5737 yesterday, in line with the positive Interbank sentiment at above +7%, closing the day at 1.5711. Today the British Pound is trading quietly, moving at the upper end of yesterday's range for the time being. On the 1 hour chart the downward channel has slowed down, while on the 3 hour chart range trading has formed. First resistance is yesterday's peak at 1.5737. Break above it should extend the bullish movement further towards 1.5870. The nearest support level is yesterday's bottom at 1.5633. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5500. There are no major economic events for UK today. Quotes are moving just above the twisted 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and calm, MACD is positive and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all neutral to light long signals.
Technical resistance levels: 1.5737 1.5870 1.6000
Technical support levels: 1.5633 1.5500 1.5366
Already made +21 pips profit on GBP/USD today from the following sent to clients only signal:
5:18 GMT Buy GBP/USD at 1.5710 SL 1.5684 TP 1.5770, exit sent at 8:30 GMT+1.
Today so far +69, yesterday +68, as shown in details at http://www.zifx.com/performance-past.php.