Pound/Dollar continued its upward impulse on Wednesday, reaching a peak at 1.6461, closing the day at 1.6421. Short term trend for the Cable is bullish. An important resistance is 1.6475. Break above this level may trigger further upward impetus towards next objective 1.6600. Medium term perspectives, however, are unclear till 1.6600 is untouched. The CCI indicator is about to cross down the 100 line on the hour chart, suggesting descending pressure with possible test of the 1.6305 support, followed by 1.6195.
Technical resistance levels: 1.6475 1.6600 1.6750
Technical support levels: 1.6305 1.6195 1.6070
Trading range: 1.6410 - 1.6335
Sell at 1.6398 SL 1.6428 TP 1.6348
Yesterday made already +29 pips profit on GBP/USD from the following signal:
5:38 GMT+1 Buy GBP/USD at 1.6351 SL 1.6325 TP 1.6411 exited at 7:14 GMT
Today so far +124, yesterday +160, as shown at www.zifx.com/performance.php