GBP/USD Open 1.5473 High 1.5508 Low 1.5365 Close 1.5466
On Monday GBP/USD decreased slightly with 50 pips. The Cable depreciated from 1.5508 to 1.5455 yesterday, in line with the negative money flow sentiment at nearly -7%, closing the day at 1.5466. Today the British Pound declined stronger down, reaching 1.5365.
On the 1 hour chart the upward channel is on hold, while on the 3 hour chart the upward channel has paused too. First resistance is yesterday's peak at 1.5508. Break above it should extend the bullish movement further towards the 1.5630. The nearest support level is today's bottom at 1.5365. Going below it should extend British Pound's reduction further down towards next downward objective 1.5240.
Quotes are moving just above the 20 and below the 50 EMA on the 1 hour chart, indicating short term slim bullish and medium bearish pressure. The value of the RSI indicator is neutral and hesitant, MACD is negative and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all neutral signals.
Technical resistance levels: 1.5508 1.5630 1.5764
Technical support levels: 1.5365 1.5240 1.5103
Today +60 pips gained on EUR/USD from the following signal:
5:30 GMT+1 Down GBP/USD at 1.5458 Limit 1.5484 Target 1.5398, Target reached at 8:21 GMT+1.
Total yesterday +55, today so far +210, as shown at the website. Have a great day!
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Cable Weakens On Greek Negotiations Being Dragged On
Published 05/26/2015, 08:56 AM
Updated 07/09/2023, 06:32 AM
Cable Weakens On Greek Negotiations Being Dragged On
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