GBP/USD 1.4138 - 16 March

GBP/USD Open 1.3957 High 1.4162 Low 1.3862 Close 1.3997

Pound/Dollar began to push away from the historical low levels. For the last week the increase was in the frame 1.3755 - 1.4107. As for the Euro, here also we can see growing tops and bottoms, which means that the negative moods against the Cable have began to gradually change. Currently there is no serious catalyst for a trend, but this does not mean that explosive movements are impossible to wake up the market and point a direction. The model is ascending for long Sterling. Big traders may realize their goals in the upward direction. Immediate support levels are 1.3890, followed by 1.3580. Short term resistance levels are 1.4300, and then 1.4450.

Technical resistance levels: 1.4300 1.4450 1.4610

Technical support levels: 1.3890 1.3725 1.3580

Trading range: 1.4125 - 1.4210

Trend: Upward

Buy at 1.4138 SL 1.4108 TP 1.4198

Today we made already +20 pips profit on GBP/USD from the following signal:

6:43 GMT Sell GBP/USD at 1.4051 SL 1.4077 TP 1.3991 exited at 6:50 GMT

Today so far +82, on Friday +159, as shown at