GBP/USD Open 1.5927 High 1.5962 Low 1.5880 Close 1.5930
On Thursday Pound/Dollar increased with almost 65 pips. The Cable appreciated from 1.5880 to 1.5944 yesterday, in line with the positive money flow sentiment at almost nearly +20%, closing the day at 1.5900. 5930 the British Pound continued lifting, reaching up to 1.5962.
On the 1 hour the upward channel has renewed, while on the 3 hour chart the small angle upward channel looks good. First resistance is today's peak at 1.5962. Break above it should extend the bullish movement further towards 1.6064. The nearest support level is yesterday's bottom at 1.5880. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.6084.
Today are UK Halifax house price index, Industrial production, Manufacturing output, and PPI Output and Input, at 7 and 8:30 GMT respectively.
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 calm, MACD is positive and tranquil too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5962 1.6084 1.6210
Technical support levels: 1.5880 1.5756 1.5520
Already made +31 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:15 GMT+1 Buy GBP/USD at 1.5931 SL 1.5905 TP 1.5991, exit sent at 8:27 GMT+1.
Today so far +104, yesterday +114, as shown at http://www.zifx.com/performance-past.php.