GBP/USD Open 1.6148 Low 1.6068 High 1.6206 Close 1.6152
On Thursday Pound/Dollar continued increasing with 105 pips. The Cable appreciated from 1.6068 to 1.6175 yesterday, in line with the positive money flow sentiment at almost over +22%, closing the day at 1.6152. Today the British Pound strengthened further, climbing to 1.6206.
On the 1 hour the upward channel looks good, while on the 3 hour chart the upward channel has accelerated. First resistance is today's peak at 1.6206. Break above it should extend the bullish movement further towards 1.6330. The nearest support level is yesterday's bottom at 1.6068. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5945.
There are no major economic events for UK today.
Quotes are moving above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.6206 1.6330 1.6464
Technical support levels: 1.6068 1.5945 1.5810
Already made +14 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:15 GMT+1 Buy GBP/USD at 1.6192 SL 1.6166 TP 1.6252, exit sent at 5:34 GMT+1.
Today so far +83, yesterday +87, as shown at http://www.zifx.com/performance-past.php.
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