Yesterday Pound/Dollar continued its downward movement to the day's bottom 1.4806 and closed at 1.4822. Signals remain descending. Break of the the key level 1.4640 may cause further reduction towards the region of 1.4540. Immediate resistance is represented by the 1.4850 level, followed by 1.4900. The CCI indicator has just crossed down the 100 line on the one hour chart, suggesting potential pressure in downward direction.
Technical resistance levels: 1.4850 1.4900 1.5115
Technical support levels: 1.4640 1.4510 1.4430
Trading range: 1.4720 - 1.4655
Sell at 1.4707 SL 1.4737 TP 1.4667
Today we made already +60 pips profit on GBP/USD from the following signal:
5:51 GMT Sell GBP/USD at 1.4761 SL 1.4787 TP 1.4701 TP reached at 7:10 GMT
Today so far +155, yesterday +138, as shown at www.zifx.com/performance.php