Pound/Dollar decreased on Tuesday to the 1.6227 bottom, from where it started recovering, reached a top at 1.6339, closing the day at 1.6308. Signals are rising for the Cable in the short term, and neutral in the medium term. Important support is 1.6085. Break bellow this zone may cause further bearish pressure with possible testing of the 1.5950 level. Upwards, key resistance is represented by today's top at 1.6400, followed by 1.6550. The CCI indicator is in the neutral zone on the 1 hour chart.
Technical resistance levels: 1.6400 1.6520 1.6650
Technical support levels: 1.6085 1.5950 1.5800
Trading range: 1.6340 - 1.6415
Buy at 1.6353 SL 1.6323 TP 1.6403
Yesterday made already +54 pips profit on GBP/USD from the following signal:
6:56 GMT+1 Buy GBP/USD at 1.6351 SL 1.6325 TP 1.6411 exited at 7:25 GMT
Today so far +160, yesterday +182, as shown at www.zifx.com/performance.php