On Tuesday Pound/Dollar made a bottom at 1.5985, than sharply and steady climbed with over 350 pips to the top 1.6352, closing the day at 1.6305. Short term signals are rising for the time being. First support is 1.6250, followed by 1.6080. Immediate resistance is represented by today's top 1.6425 level. Break above this level may trigger further bullish momentum towards 1.6550. The CCI indicator is in the overbought zone on the 1 hour chart, assuming potential correction of the Sterling.
Technical resistance levels: 1.6425 1.6550 1.6695
Technical support levels: 1.6250 1.6080 1.5900
Trading range: 1.6355 - 1.6430
Buy at 1.6366 SL 1.6336 TP 1.6416
Today we made already +60 pips profit on GBP/USD from the following signal:
5:42 GMT+1 Buy GBP/USD at 1.6314 SL 1.6288 TP 1.6374 TP reached at 6:21 GMT
Today so far +151, yesterday +49, as shown at www.zifx.com/performance.php