GBP/USD Open 1.5890 High 1.6020 Low 1.5879 Close 1.5894

On Friday Pound/Dollar decreased with 135 pips. The Cable depreciated from 1.6020 to 1.5886 on Friday, in line with the negative money flow sentiment at almost -24%, closing the week at 1.5894. Today the British Pound dropped slightly further, reaching 1.5879.

On the 1 hour chart the downward channel has renewed, while on the 3 hour chart quotes are moving within wider range. First resistance is Friday's peak at 1.6020. Break above it should extend the bullish movement further towards 1.6143. The nearest support level is today's bottom at 1.5879. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5755.

There are no major economic events for UK today.

Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and tranquil too, while CCI has crossed down the 100 line on the 1 hour chart, giving over all short signals.
Technical resistance levels: 1.6020 1.6143 1.6280
Technical support levels: 1.5879 1.5755 1.5620

Already made +33 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:19 GMT Sell GBP/USD at 1.5910 SL 1.5936 TP 1.5850, exit sent at 8:07 GMT.
Today so far +93, on Friday +181, as shown at our web site.
 

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