Yesterday Pound/Dollar made a hesitating movement. The currency pair dropped to the bottom 1.3655, than made an increasing effort, reaching a peak at 1.3921, but further upward correction was rejected, and the Cable started dropping, closing at 1.3872. Medium and long term signals remain descending with targets towards the region of 1.3550. Immediate resistance is seen at 1.3920 followed by 1.4050. The CCI indicator just crossed down the 100 line on the 1 hour chart, assuming a potential downwards pressure.
Technical resistance levels: 1.3920 1.4050 1.4185
Technical support levels: 1.3655 1.3550 1.3400
Trading range: 1.3790 - 1.3715
Sell at 1.3776 SL 1.3806 TP 1.3726
Today we made already +60 pips profit on GBP/USD from the following signal:
5:48 GMT Sell GBP/USD at 1.3887 SL 1.3913 TP 1.3827 TP reached at 6:45 GMT
Today so far +168, yesterday +173, as shown at www.zifx.com/performance.php