So far this week did not take clear direction and traded within a range. Yesterday the Cable attempted to drop to the bottom 1.6188, but further bearish scenario was rejected and the currency couple rose and closed the day higher at 1.6330. The Sterling is expected to trade still within this week's 1.6210 - 1.6485 trading range. First resistance is yesterday's top 1.6470, followed by 1.6620. Immediate support is 1.6190. The CCI indicator is in the neutral zone of the 1 and 4 hour charts.
Technical resistance levels: 1.6470 1.6620 1.6760
Technical support levels: 1.6190 1.6100 1.5980
Trading range: 1.6210 - 1.6485
Sell at 1.6384 SL 1.6414 TP 1.6334
Today we made already +38 pips profit on GBP/USD from the following signal:
5:43 GMT+1 Sell GBP/USD at 1.6366 SL 1.6392 TP 1.6306 exited at 7:18 GMT
Today so far +104, yesterday +170, as shown at www.zifx.com/performance.php