Pound/Dollar attempted to continue the upward momentum yesterday. The Cable reached a top at 1.6469, but the bullish effect seemed limited, and the Sterling closed the day lower at 1.6356. Currently, signals are neutral, but the medium term rising scenario remains intact. Immediate resistance is yesterday's top 1.6470, the break of which may lead to further ascending momentum towards 1.6585. The nearest support is 1.6245, followed by 1.6125. The CCI indicator in neutral zone of the 1 and 4 hour charts.
Technical resistance levels: 1.6470 1.6585 1.6705
Technical support levels: 1.6245 1.6125 1.6000
Trading range: 1.6410 - 1.6345
Sell at 1.6399 SL 1.6429 TP 1.6359
Today we made already +50 pips profit on GBP/USD from the following signal:
6:49 GMT+1 Buy GBP/USD at 1.6387 SL 1.6361 TP 1.6447 exited at 7:22 GMT
Today so far +119, yesterday +151, as shown at www.zifx.com/performance.php