GBP/USD Open 1.5880 High 1.5913 Low 1.5848 Close 1.5857
On Thursday Pound/Dollar decreased insignificantly with almost 60 pips. The Cable depreciated from 1.5913 to 1.5854 yesterday, in converse with the positive money flow sentiment at bellow 17%, closing the day at 1.5857. Today the British descended slightly further to 1.5848.
On the 1 hour new upward channel has formed, while on the 3 hour chart quotes are breaking up of the wide range. First resistance is yesterday's peak at 1.5913. Break above it should extend the bullish movement further towards 1.6030. The nearest support level is today's bottom at 1.5848. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5730.
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: 1.5913 1.6030 1.6164
Technical support levels: 1.5848 1.5725 1.5590
Already made +11 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:17 GMT+1 Buy GBP/USD at 1.5859 SL 1.5833 TP 1.5919, exit sent at 8:00 GMT+1.
Today so far +35, yesterday +88, as shown at http://www.zifx.com/performance-past.php.