Pound/Dollar made a moderate upward movement yesterday. The currency couple reached a peak at 1.4943, but closed lower at 1.4892. On the 4 hour chart a divergence of the CCI indicator is formed, which may be warning that the upward momentum is already exhausted. Signals are neutral in the short term. Immediate resistance is 1.4960. Short term support is 1.4800. Break below this level may lead to further bearish momentum towards 1.4730. The CCI indicator is about to cross down the 100 line on the 4 hour chart, assuming potential descending pressure.
Technical resistance levels: 1.4960 1.5080 1.5250
Technical support levels: 1.4800 1.4680 1.4555
Trading range: 1.4830 - 1.4900
Buy at 1.4840 SL 1.4810 TP 1.4890
Today we made already +41 pips profit on GBP/USD from the following signal:
5:47 GMT+1 Sell GBP/USD at 1.4881 SL 1.4907 TP 1.4821 exited at 5:52 GMT
Today so far +182, yesterday +130, as shown at www.zifx.com/performance.php