GBP/USD Open 1.6725 High 1.6750 Low 1.6681 Close 1.6726
On Tuesday GBP/USD traded within 70 pip range. The Cable appreciated from 1.6681 to 1.6750 yesterday, in line with the positive money flow sentiment at over +9%, closing the day at 1.6726. Today the British Pound is trading quietly, with movements within yesterday's range for the time being.
On the 1 hour chart quotes are back into the wide trading scope, while on the 3 hour chart upward channel renewal attempts are on hold. First resistance is yesterday's peak at 1.6750. Break above it should extend the bullish movement further towards 1.6872. The nearest support level is yesterday's bottom at 1.6681. Going below it should extend British Pound's reduction further down towards next downward objective 1.6540.
Today are UK Claimant count, Average earnings, and ILO Jobless rate, all at 8:30 GMT.
Quotes are moving above the almost even 20 and 50 the EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is neutral and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.6750 1.6872 1.7005
Technical support levels: 1.6681 1.6540 1.6406
Already made +3 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:15 GMT+1 Sell GBP/USD at 1.6725 SL 1.6751 TP 1.6665, exit sent at 6:00 GMT+1.
Today so far +24, yesterday +95, as shown at our web site.