GBP/USD Open 1.5735 High 1.5745 Low 1.5635 Close 1.5726
On Thursday Pound/Dollar increased with 110 pips. The Cable appreciated from 1.5635 to 1.5745 yesterday, in line with the positive money flow sentiment at above 19%, closing the day at 1.5726. Today the British Pound is trading quietly, with movements at the upper end of yesterday's range for the time being.
On the 1 hour chart quotes are holding within the trading range, while on the 3 hour chart trading is within wider range. First resistance is yesterday's peak at 1.5745. Break above it should extend the bullish movement further towards 1.5868, before the psychological 1.6000. The nearest support level is yesterday's bottom at 1.5635. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5510.
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 hesitant, MACD is positive and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 1.5745 1.5868 1.6000
Technical support levels: 1.5635 1.5510 1.5377
Already made +27 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:14 GMT+1 Sell GBP/USD at 1.5727 SL 1.5753 TP 1.5667, exit sent at 5:45 GMT+1.
Today so far +51, yesterday +101, as shown at http://www.zifx.com/performance.php.
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