GBP/USD 1.9707 - 14 April

GBP/USD Open 1.9670 High 1.9770 Low 1.9679 Close 1.9686

The negative sentiment for the Sterling is limited by the support at 1.9645, which is today's and last Tuesday's bottom. Next support is expected at 1.9590, which is 75.8% correction of the climb from 1.9340 to 2.0385, followed by 1.9540. In upward direction first resistance is the level 1.9770, which is currently being tested. Next resistance is expected at 1.9890, which is 61.8% correction of the descent 2.0040 - 1.9645, followed by 2.0040.

Technical resistance levels: 1.9770 1.9890 2.0040

Technical support levels: 1.9645 1.9590 1.9540

Trading range: 1.9695 - 1.9770

Trend: Upward

Buy at 1.9707 SL 1.9677 TP 1.9757

Today we made already +17 pips profit on GBP/USD from the following signal:

6:04 GMT+1 Sell GBP/USD at 1.9717 SL 1.9743 TP 1.9657 exited at 7:03 GMT+1

Today so far +155, on Friday +187, as shown at www.zifx.com/performance.php