Yesterday Pound/Dollar also increased significantly with over 250 pips. The currency couple made a peak at 1.4868, and closed the day at 1.4852. In the large scale on the daily chart we see that the support trend line does a good job retaining the rising scenario, which started on 12 March. Short signals are bullish with testing of the 1.4955 resistance zone, but neutral in the medium term. CCI just crossed down the 100 line on the 1 hour chart, assuming a potential downwards pressure towards the support level at 1.4725.
Technical resistance levels: 1.4955 1.5080 1.5250
Technical support levels: 1.4725 1.4640 1.4540
Trading range: 1.4910 - 1.4835
Sell at 1.4896 SL 1.4926 TP 1.4846
Today we made already +44 pips profit on GBP/USD from the following signal:
5:45 GMT+1 Buy GBP/USD at 1.4879 SL 1.4853 TP 1.4939 exited at 6:14 GMT
Today so far +130, yesterday +178, as shown at www.zifx.com/performance.php