Open 1.6722
High 1.6738
Low 1.6694
Close 1.6725
On Monday the GBP/USD continued increasing with 45 pips. The Cable appreciated from 1.6694 to 1.6738 yesterday, in converse with the negative money flow sentiment at under -8%, closing the day at 1.6725. Today the British pound is trading quietly, with movements within yesterday's range for the time being.
On the 1 hour chart new downward channel has formed, while on the 3 hour chart quotes are trading in wide range. First resistance is yesterday's peak at 1.6738. Break above it should extend the bullish movement further towards 1.6860. The nearest support level is yesterday's bottom at 1.6694. Going below it should extend British Pound's reduction further down towards next downward objective 1.6570.
Quotes are moving just below the close 20 and 50 the EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is negative and dropping, MACD is thinly negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all short signals.
Technical Resistance Levels: 1.6738 1.6860 1.7000
Technical Support Levels: 1.6694 1.6570 1.6436
Already made +18 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:15 GMT+1 Sell GBP/USD at 1.6722 SL 1.6748 TP 1.6662, exit sent at 7:45 GMT+1.
Today so far +48, yesterday +19, as shown at our web site.