GBP/USD
Open 1.6322
High 1.6345
Low 1.6250
Close 1.6305
On Wednesday the GBP/USD decreased with 85 pips. The Cable depreciated from 1.6345 to 1.6250 yesterday, in line with the negative money flow sentiment at almost -16%, closing the day at 1.6305. Today the British pound is trading quietly, with movements within yesterday's range for the time being.
On the 1 hour chart quotes are breaking down of the trading range, while on the 3 hour chart the upward channel has turned into scope trading. First resistance is yesterday's peak at 1.6345. Break above it should extend the bullish movement further towards 1.6567. The nearest support level is yesterday's bottom at 1.6250. Going below it should extend British pound's reduction further down towards next downward objective 1.6130.
Today are BoE Interest rate decision, and Asset purchase facility, both at 12 GMT.
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 hesitant, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 1.6345 1.6567 1.6700
Technical support levels: 1.6250 1.6130 1.6000
Already made +18 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:15 GMT Buy GBP/USD at 1.6298 SL 1.6272 TP 1.6358, exit sent at 7:57 GMT.
Today so far +51, yesterday +112.
GBP/USD Hour Chart" title="GBP/USD Hour Chart" width="452" height="381">