GBP/USD 1.5193 - 11 May

GBP/USD Open 1.5195 High 1.5251 Low 1.4970 Close 1.5225

Pound/Dollar also had an increasing momentum on Friday. The Cable made a peak at 1.5238 and closed at 1.5225. On the daily chart we have ascending channel with resistance and next target at 1.5365. The CCI indicator is in the overbought zone and downwards on the 1 and 4 hour hour charts, so be careful for a potential descending pressure with possible test of the 1.5150 support level, followed by 1.5065.

Technical resistance levels: 1.5365 1.5480 1.5600

Technical support levels: 1.5150 1.4945 1.4840

Trading range: 1.5205 - 1.5140

Trend: Downward

Sell at 1.5193 SL 1.5223 TP 1.5153

Today we made already +23 pips profit on GBP/USD from the following signal:

5:45 GMT+1 Buy GBP/USD at 1.5214 SL 1.5188 TP 1.5274 exited at 7:33 GMT

Today so far +110, on Friday +91, as shown at www.zifx.com/performance.php