Pound/Dollar also rose yesterday. The Cable reached a peak at 1.5349, and closed the day at 1.5346. On the 4 hour chart the trend line did a good job as a support, protecting the Sterling from further bearish impulse. Signals are ascending for now. Critical resistance level is today's peak at 1.5480. Break above this level may lead to further ascending scenario with targets towards 1.5590. The nearest support is 1.5300. The CCI indicator has just crossed up the 100 line on the daily chart, suggesting a potential upward pressure.
Technical resistance levels: 1.5480 1.5590 1.5700
Technical support levels: 1.5300 1.5125 1.5000
Trading range: 1.5215 - 1.5290
Buy at 1.5228 SL 1.5198 TP 1.5278
Today we made already +60 pips profit on GBP/USD from the following signal:
5:40 GMT+1 Buy GBP/USD at 1.5331 SL 1.5305 TP 1.5391 TP reached at 7:33 GMT
Today so far +167, yesterday +131, as shown at www.zifx.com/performance.php