GBP/USD 1.5165 - 12 May

GBP/USD Open 1.5138 High 1.5251 Low 1.5070 Close 1.5113

Pound/Dollar also corrected downwards yesterday. On the 1 hour chart the Cable is currently testing the trend line as a support. Short term signals are neutral. Immediate support is represented by yesterday's bottom, the 1.5070 level. Break below this level may lead to further decreasing impetus towards next target 1.4935. Immediate resistance is 1.5240, followed by 1.5365. The CCI indicator is about to cross down the 100 line on the daily chart, assuming potential descending pressure, but is neutral on the 1 and 4 hour charts.

Technical resistance levels: 1.5250 1.5365 1.5480

Technical support levels: 1.5070 1.4945 1.4840

Trading range: 1.5155 - 1.5225

Trend: Upward

Buy at 1.5165 SL 1.5135 TP 1.5215

Today we made already +27 pips profit on GBP/USD from the following signal:

5:42 GMT+1 Sell GBP/USD at 1.5121 SL 1.5147 TP 1.5061 exited at 7:29 GMT

Today so far +106, yesterday +110, as shown at www.zifx.com/performance.php