GBP/USD 1.6417 - 17 June

GBP/USD Open 1.6393 High 1.6485 Low 1.6214 Close 1.6402

Pound/Dollar continued its fight upwards yesterday. The Cable made unconvincing break below 1.6250, reaching a bottom at 1.6214, than rose sharply to the top 1.6485, closing the day at 1.6402. This shows an uncertain movement direction for now, and its probably better to await further developments. The nearest resistance is yesterday's top at 1.6485. If the Sterling manages to drop and break the key support 1.6210, we may witness further bearish scenario towards next target 1.6100 and below.

Technical resistance levels: 1.6485 1.6620 1.6760

Technical support levels: 1.6210 1.6100 1.5980

Trading range: 1.6430 - 1.6355

Trend: Downward

Sell at 1.6417 SL 1.6447 TP 1.6367

Today we made already +22 pips profit on GBP/USD from the following signal:

6:31 GMT+1 Sell GBP/USD at 1.6446 SL 1.6472 TP 1.6386 exited at 7:02 GMT

Today so far +135, yesterday +169, as shown at www.zifx.com/performance.php