GBP/USD Open 1.5685 High 1.5714 Low 1.5652 Close 1.5686
On Tuesday Pound/Dollar traded within almost 60 pip range. The Cable depreciated from 1.5714 to 1.5656 yesterday, in converse with the positive money flow sentiment at bellow 14%, closing the day at 1.5686. Today the British Pound weakened slightly further, reaching 1.5652.
On the 1 hour chart range small angle upward channel has formed, while on the 3 hour chart quotes are moving within wide range. First resistance is yesterday's peak at 1.5714. Break above it should extend the bullish movement further towards 1.5842. The nearest support level is today's bottom at 1.5652. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5531.
Today is UK CIPS services index at 8:30 GMT.
Quotes are moving just bellow the 20 and above the 50 EMA on the 1 hour chart, indicating short term slim bearish and medium term bullish pressure. The value of the RSI indicator is neutral and calm, MACD is positive and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all neutral to light short signals.
Technical resistance levels: 1.5714 1.5842 1.5980
Technical support levels: 1.5652 1.5531 1.5400
Already made +11 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:15 GMT+1 Buy GBP/USD at 1.5670 SL 1.5644 TP 1.5730, exit sent at 5:51 GMT+1.
Today so far +44, yesterday +55, as shown at http://www.zifx.com/performance-past.php.