GBP/USD 1.9657 - 17 January

GBP/USD Open 1.9623 High 1.9709 Low 1.9536 Close 1.9641

First resistance for the Cable is yesterday's top 1.9705, followed by the broken bottom from 24 December and top from 15 January 1.9745, which limits the climbing for the last 2 days, and 1.9855, which is 61.5% correction of the drop 2.0095 - 1.9485. Support is expected at yesterday's bottom 1.9535, followed by the reached bottom 1.9470, where the 100 week crawling line passes, and 1.9375. Next is 1.9110, which is 38.2% correction of the climb 1.7055 - 2.1155.

Technical resistance levels: 1.9705 1.9745 1.9855

Technical support levels: 1.9535 1.9470 1.9375

Trading range: 1.9645 - 1.9720

Trend: Upward

Buy at 1.9657 SL 1.9627 TP 1.9707

Today we made already +35 pips profit on GBP/USD from the following signal:

6:18 GMT Sell GBP/USD at 1.9649 SL 1.9675 TP 1.9589 exited at 7:22 GMT

Today so far +153, yesterday +103, as shown at www.zifx.com/performance.php