- Open 1.5992
- High 1.6081
- Low 1.5974
- Close 1.6002
On Wednesday Pound/Dollar resumed decreasing with almost 105 pips. The Cable depreciated from 1.6081 to 1.5974 yesterday, in line with the negative money flow sentiment at bellow -15%, closing the day at 1.6002. Today the British Pound is trading quietly, with movements at the lower end of yesterday's range for the time being.
On the one-hour chart quotes are testing the lower limit of the trading range, while on the three-hour chart quotes have returned into the wide trading scope. First resistance is yesterday's peak at 1.6081. Break above it should extend the bullish movement further toward 1.6200. The nearest support level is today's bottom at 1.5974. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5850.
There are no major economic events for UK today.
Quotes are moving bellow the twisted 20- and 50-EMA on the one-hour chart, indicating bearish pressure. The value of the RSI indicator is negative and calm, MACD is negative and tranquil too, while CCI has crossed down the 100 line on the one-hour chart, giving over all light short signals.
- Technical resistance levels: 1.6081 1.6200 1.6333
- Technical support levels: 1.5974 1.5850 1.5719
Already made +11 pips profit/loss on GBP/USD today from the following sent to clients only signal:
5:15 GMT Sell GBP/USD at 1.5998 SL 1.6024 TP 1.5938, exit sent at 7:49 GMT.
Today so far +60, yesterday +139, as shown at our web site.
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