GBP/USD
Open 1.6896
High 1.6928
Low 1.6829
Close 1.6897
On Wednesday the GBP/USD increased with 100 pips. The Cable appreciated from 1.6829 to 1.6928 yesterday, in line with the positive money flow sentiment at around +22%, closing the day at 1.6897. Today the British pound is trading quietly, with movements at the upper half of yesterday's range for the time being.
On the 1 hour chart the upward channel has turned into range trading, while on the 3 hour chart the upward channel is making renewal attempts. First resistance is yesterday's peak at 1.6928. Break above it should extend the bullish movement further towards 1.7050. The nearest support level is yesterday's bottom at 1.6829. Going below it should extend British Pound's reduction further down towards next downward objective 1.6705.
Quotes are moving in line with the 20 and above the 50 the EMA on the 1 hour chart, indicating short term neutral and medium term bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is positive and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.6928 1.7050 1.7182
Technical support levels: 1.6829 1.6705 1.6570
Already made +8 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:15 GMT+1 Buy GBP/USD at 1.6888 SL 1.6862 TP 1.6948, exit sent at 8:13 GMT+1.
Today so far +45, yesterday +153.