GBP/USD Recovery Attempts Continue

GBP/USD Open 1.5515 High 1.5557 Low 1.5478 Close 1.5518

On Tuesday Pound/Dollar decreased with 70 pips. The Cable depreciated from 1.5549 to 1.5478 yesterday, in line with the negative money flow sentiment at around -18%, closing the day at 1.5518. Today the British Pound jumped, ascending up to 1.5557.

On the 1 hour chart range trading has formed, while on the 3 hour chart quotes are moving within wider range. First resistance is today's peak at 1.5557. Break above it should extend the bullish movement further towards 1.5680. The nearest support level is yesterday's bottom at 1.5478. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5352.

There are no major economic events for UK today.

Quotes are moving above the 20 and in line with the 50 EMA on the 1 hour chart, indicating short term bullish and medium term neutral pressure. The value of the RSI indicator is neutral and inclining upwards, MACD is positive and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.

Technical resistance levels: 1.5557 1.5680 1.5814
Technical support levels: 1.5478 1.5352 1.5220

Already made +12 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:17 GMT+1 Sell GBP/USD at 1.5524 SL 1.5550 TP 1.5464, exit sent at 5:35 GMT+1.
Today so far +35, yesterday +63, as shown at http://www.zifx.com/performance-past.php.