On Monday Pound/Dollar traded within 80 pip range. The Cable depreciated from 1.5548 to 1.5466 yesterday, in line with the negative Interbank sentiment at almost -11%, closing the day at 1.5512. Today the British Pound commenced recovering, climbing up to 1.5566. On the 1 hour chart quotes got back in the trading range, while on the 3 hour chart the downward channel has slowed down. First resistance is today's peak at 1.5594. Break above it should extend the bullish movement further towards 1.5720. The nearest support level is yesterday's bottom at 1.5466. Going bellow it should extend British Pound's reduction further down towards next downward objective 1.5340. Today is UK CIPS manufacturing index at 9:30 GMT. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 1.5594 1.5720 1.5852
Technical support levels: 1.5466 1.5340 1.5200
Trading range: 1.5550 - 1.5620
Trend: Upward
Buy at 1.5560 SL 1.5530 TP 1.5610
Already made +19 pips profit on GBP/USD today from the following sent to clients only signal:
6:42 GMT Buy GBP/USD at 1.5575 SL 1.5543 TP 1.5635, exit sent at 7:47 GMT+1.
Today so far +59, on Friday +106, as shown in details at our web site.
GBP/USD Chart" title="ZIFX.com GBPUSD Chart">
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Polski
- Português (Portugal)
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
GBP/USD Resumes The Recovery From End Of 2011
Published 01/03/2012, 03:38 AM
Updated 01/01/2017, 02:20 AM
GBP/USD Resumes The Recovery From End Of 2011
GBP/USD Open 1.5511 High 1.5594 Low 1.5466 Close 1.5512
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.