GBP/USD 1.4840 - 15 April

GBP/USD Open 1.4905 High 1.4943 Low 1.4824 Close 1.4892

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

Trend: Upward

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