It seems like yesterday the fight between support and resistance trend lines of the Pound/Dollar was won the support. The resistance trend line at 1.4375 failed to keep the upward momentum, the Cable penetrated the line upwards, reached a top at 1.4479, and closed the day slightly lower at 1.4467. Short term signals are rising with targets towards the region of 1.4600. The CCI indicator, however, is in the overbought zone and downwards on the 1 hour chart, so be careful for potential descending rebound with test of the 1.4390 support level.
Technical resistance levels: 1.4600 1.4765 1.4930
Technical support levels: 1.4390 1.4235 1.4110
Trading range: 1.4510 - 1.4585
Buy at 1.4524 SL 1.4494 TP 1.4574
Today we made already +60 pips profit on GBP/USD from the following signal:
5:45 GMT Buy GBP/USD at 1.4479 SL 1.4453 TP 1.4539 TP reached at 7:00 GMT
Today so far +171, yesterday +154, as shown at www.zifx.com/performance.php