GBP/USD Open 1.5461 High 1.5497 Low 1.5339 Close 1.5484
On Tuesday Pound/Dollar increased with almost 160 pips, in converse with the negative Interbank sentiment at nearly -15%. The Cable appreciated from 1.5339 to 1.5497 yesterday, closing the day at 1.5484. Today the British Pound is moving quietly, with movements within yesterday's range for the time being. On the 1 hour chart the downward channel is on hold, while on the 3 hour chart the downward channel has slowed down. First resistance is yesterday's peak at 1.5497. Break above it should extend the bullish movement further towards 1.5620. The nearest support level is yesterday's bottom at 1.5339. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5226. Today are UK Halifax house price index, CIPS services index, GDP Q2 and Current account, at 7 and 8:30 GMT respectively. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is positive and calm, MACD is neutral 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: 1.5497 1.5620 1.5754
Technical support levels: 1.5339 1.5226 1.5100
Trading range: 1.5405 - 1.5580
Buy at 1.5419 SL 1.5389 TP 1.5569
Already made +10 pips profit on GBP/USD today from the following sent to clients only signal:
5:25 GMT+1 Sell GBP/USD at 1.5432 SL 1.5458 TP 1.5372, exit sent at 8:37 GMT+1.
Today so far +50, yesterday +169, as shown in details at http://www.zifx.com/performance.php.