Pound/Dollar also made indecisive movement yesterday. However, the currency couple made a break down from the triangle on the 1 hour chart, suggesting potential decreasing scenario. Short term signals are decreasing with objectives towards the region of 1.4080, but medium term signals remains unclear. Descending scenario is supported by the cross down of the 100 line of the CCI indicator on the 1 hour chart. First resistance is represented by the 1.4305 level.
Technical resistance levels: 1.4305 1.4425 1.4550
Technical support levels: 1.4080 1.3950 1.3800
Trading range: 1.4180 - 1.4105
Sell at 1.4168 SL 1.4198 TP 1.4118
Today we made already +60 pips profit on GBP/USD from the following signal:
5:45 GMT Sell GBP/USD at 1.4214 SL 1.4240 TP 1.4154 TP reached at 7:25 GMT
Today so far +160, yesterday +152, as shown at www.zifx.com/performance.php