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
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