GBP/USD Open 1.5863 High 1.5880 Low 1.5788 Close 1.5822
On Friday Pound/Dollar increased insignificantly with 75 pips. The Cable appreciated from 1.5788 to 1.5863 on Friday, in line with the positive Interbank sentiment at almost +45%, closing the week at 1.5822. Today the British Pound ascended further, climbing to 1.5880. On the 1 hour chart range trading has formed, while on the 3 hour chart the upward channel is making renewal attempts. First resistance is today's peak at 1.5880. Break above it should extend the bullish movement further towards 1.6000. The nearest support level is Friday's bottom at 1.5788. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5665. There are no major economic events for UK today. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5880 1.6000 1.6133
Technical support levels: 1.5788 1.5665 1.5530
Already made +3 pips profit on GBP/USD today from the following sent to clients only signal:
5:20 GMT Buy GBP/USD at 1.5872 SL 1.5846 TP 1.5932, exit sent at 5:20 GMT+1.
Today so far +45, on Friday +131, as shown in details at http://www.zifx.com/performance-past.php.