GBP/USD 1.5244 - 13 May

GBP/USD Open 1.5270 High 1.5347 Low 1.5075 Close 1.5265

Pound/Dollar continued its rising scenario yesterday. The Cable reached a top at 1.5353 and closed the day at 1.5270. On the 1 hour chart the trend line is a good support for this scenario. Signals are neutral for the time being. It is possible to see another consolidation today downwards towards the trend line. Short term support is represented by the 1.5150 level. Break below this level may lead the Sterling into further decline. Immediate resistance is yesterday's top 1.5351, followed by 1.5465. The CCI indicator is about to cross down the 100 line on the 4 hour chart, assuming potential insignificant descending pressure.

Technical resistance levels: 1.5250 1.5365 1.5480

Technical support levels: 1.5070 1.4945 1.4840

Trading range: 1.5230 - 1.5305

Trend: Upward

Buy at 1.5244 SL 1.5214 TP 1.5294

Today we made already +33 pips profit on GBP/USD from the following signal:

5:49 GMT+1 Buy GBP/USD at 1.5294 SL 1.5268 TP 1.5354 exited at 6:50 GMT

Today so far +119, yesterday +106, as shown at