Pound/Dollar made hesitating movements yesterday, forming divergence on the 4 hour chart. On the 1 hour chart is seen that the Cable still trades within the 1.6218 - 1.6484 range. Break out of the rectangle will give us a clearer movement direction. Immediate resistance is represented by yesterday's top 1.6475. The nearest support is 1.6225. The CCI indicator has crossed down the 100 line on the 1 hour chart, suggesting potential downward impulse.
Technical resistance levels: 1.6485 1.6620 1.6760
Technical support levels: 1.6210 1.6100 1.5980
Trading range: 1.6420 - 1.6345
Sell at 1.6409 SL 1.6439 TP 1.6359
Today we made already +60 pips profit on GBP/USD from the following signal:
5:59 GMT+1 Buy GBP/USD at 1.6343 SL 1.6317 TP 1.6403 TP reached at 7:15 GMT
Today so far +170, yesterday +151, as shown at www.zifx.com/performance.php