GBP/USD 1.6472 - 1 July

GBP/USD Open 1.6464 High 1.6740 Low 1.6386 Close 1.6459

Pound/Dollar attempted to rise on Tuesday, reaching a peak at 1.6740, but further bullish movement was limited and the Cable dropped sharply to the 1.6431 bottom, closing the day at 1.6459. On the 1 hour chart is seen that the key resistance 1.6740 was unconvincingly tested and now quotes are ready to head towards the nearest 1.6385 support. Signals are decreasing for now, with next target downwards towards the 1.6230 level, but remain neutral in the medium period. Immediate resistance is in the region of 1.6615. The CCI indicator is neutral on the 1 hour chart, suggesting calm trading.

Technical resistance levels: 1.6615 1.6750 1.6880

Technical support levels: 1.6385 1.6235 1.6100

Trading range: 1.6485 - 1.6410

Trend: Downward

Sell at 1.6472 SL 1.6502 TP 1.6422

Yesterday made already +60 pips profit on GBP/USD from the following signal:

5:42 GMT+1 Sell GBP/USD at 1.6446 SL 1.6472 TP 1.6386 reached at 6:29 GMT

Today so far +109, yesterday +188, as shown at www.zifx.com/performance.php