GBP/USD 1.3948 - 18 March

GBP/USD Open 1.4053 High 1.4139 Low 1.3915 Close 1.4040

Yesterday Pound/Dollar made a hesitant movement. After the unsuccessful break above the downward trend line, the currency couple made a moderate descending movement, but today we may see another attempt for ascending, to challenge the break up of the trend line. The break of the bearish trend line can cause further increasing scenario with targets towards the region of 1.4250. Going above this key level would signal that the descent from 1.4980 to 1.3660 is completed and an increasing trend towards the region of 1.4500 is possible. First support is seen at 1.3910. Only break of 1.3880 will indicate that the drop from 1.4230 has resumed. The CCI indicator in neutral zone on 3 charts - 1 hour, 4 hour and daily.

Technical resistance levels: 1.4075 1.4230 1.4360

Technical support levels: 1.3910 1.3775 1.3630

Trading range: 1.3960 - 1.3885

Trend: Downward

Sell at 1.3948 SL 1.3978 TP 1.3898

Today we made already +21 pips profit on GBP/USD from the following signal:

5:47 GMT Buy GBP/USD at 1.4048 SL 1.4022 TP 1.4108 exited at 6:42 GMT

Today so far +80, yesterday +112, as shown at