GBP/USD 1.6065 - 12 January 2010
Pound/Dollar has formed a new bullish trend on the 15 minutes chart, while still trading neutral on the 1 hour chart, and downward on the 3 hour, where quotes are testing the upper limit of the descending channel at 1.6228. Upward penetration of the above level may seriously shake the bearish outlooks, while staying within the channel should keep the bears' domination intact, with next objectives towards 1.6028, followed by 1.5898. The nearest resistance is yesterday's top at 1.6148. Immediate support is Monday's bottom at 1.6028. The CCI indicator is neutral on the 1 hour chart, suggesting calm range trading.
Technical resistance levels: 1.6148 1.6228 1.6335
Technical support levels: 1.6028 1.5898 1.5807
Already made +34 pips profit on GBP/USD today from the following signal:
7:14 GMT Sell GBP/USD at 1.6096 SL 1.6122 TP 1.6036 exited at 8:08 GMT
Today so far +66, yesterday +158, as shown in details at www.zifx.com/performance.php.