As expected Pound/Dollar fell drastically yesterday. The currency couple dropped under the psychological level 1.3900, reaching a bottom at 1.3742, and closing at 1.3776. Signals remain descending with targets towards the region of 1.3550. However, the CCI indicator is in the oversold zone and upwards on the 4 hour chart, so be careful for a potential upward adjustment with test of the 1.3910 level.
Technical resistance levels: 1.4185 1.4300 1.4450
Technical support levels: 1.3960 1.3810 1.3700
Trading range: 1.3830 - 1.3900
Buy at 1.3840 SL 1.3810 TP 1.3890
Today we made already +54 pips profit on GBP/USD from the following signal:
5:46 GMT Sell GBP/USD at 1.3838 SL 1.3864 TP 1.3778 exited at 6:30 GMT
Today so far +158, yesterday +143, as shown at www.zifx.com/performance.php