GBP/USD 1.6667 - 10 November 2009
On Monday Pound/Dollar also climbed from 1.6617 to the 1.6843 top, closing the day at 1.6757. Today, however, the Cable deeply corrected, swallowing all yesterday's rise. If Sterling can manage to recover and cross convincingly yesterday's top and first resistance 1.6843, upward scenario will be confirmed and rising may continue with next objectives towards 1.6965. Immediate support is today's bottom at 1.6600. Break bellow it should confirm battle taking over by the bears and possible stronger downward momentum with serious threat to the bullish outlook. The CCI indicator had crossed down the 100 line on the 1 hour chart, suggesting bearish perspectives.
Technical resistance levels: 1.6845 1.6965 1.7100
Technical support levels: 1.6600 1.6470 1.6335
Sell at 1.6667 SL 1.6697 TP 1.6617
Already made +25 pips profit on GBP/USD today from the following signal:
5:36 GMT+1 Sell GBP/USD at 1.6633 SL 1.6659 TP 1.6573 exited at 5:37 GMT
Today so far +95, yesterday +181, as shown in details at www.zifx.com/performance.php.