GBP/USD Within 100 Pip Range This Week

GBP/USD Open 1.5378 High 1.5416 Low 1.5338 Close 1.5381

On Monday Pound/Dollar increased insignificantly with almost 80 pips. The Cable appreciated from 1.5341 to 1.5416 yesterday, in converse with the negative money flow sentiment at around -12%, closing the day at 1.5381. Today the British Pound descended slightly, reaching down to 1.5338.

On the 1 hour chart the downward channel is on hold, while on the 3 hour chart the downward channel has slowed down. First resistance is yesterday's peak at 1.5416. Break above it should extend the bullish movement further towards 1.5530. The nearest support level is today's bottom at 1.5338. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5214.

There are no major economic events for UK today.

Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is thinly negative and quiet, MACD is neutral and declining, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.

Technical resistance levels: 1.5416 1.5530 1.5664
Technical support levels: 1.5338 1.5214 1.5080

Already made +10 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:15 GMT+1 Buy GBP/USD at 1.5391 SL 1.5365 TP 1.5451, exit sent at 5:32 GMT+1.
Today so far +92, yesterday +51, as shown at http://www.zifx.com/performance-past.php.