Yesterday Pound/Dollar made a hesitating movement. The currency pair made an increasing effort, reaching a peak at 1.3902, but further upward correction was rejected, and the Cable fell to the bottom 1.3688, and closed at 1.3745. Medium and long term signals remain descending with targets towards the region of 1.3550. Immediate resistance is seen at 1.3895 followed by 1.4000. The CCI indicator just crossed up the 100 line on the 1 hour chart, assuming a potential insignificant upwards correction.
Technical resistance levels: 1.3895 1.4000 1.4185
Technical support levels: 1.3655 1.3550 1.3400
Trading range: 1.3785 - 1.3710
Sell at 1.3773 SL 1.3803 TP 1.3723
Today we made already +60 pips profit on GBP/USD from the following signal:
5:46 GMT Sell GBP/USD at 1.3735 SL 1.3761 TP 1.3675 TP reached at 6:36 GMT
Today so far +173, yesterday +158, as shown at www.zifx.com/performance.php