GBP/USD 1.6353 - 15 July

GBP/USD Open 1.6316 High 1.6403 Low 1.6228 Close 1.6308

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

Trend: Upward

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