Pound/Dollar made indecisive movement yesterday, forming divergence on the 4 hour chart. The Sterling made a bottom at 1.6386, than rose to 1.6541, closing the day at 1.6477. On the 1 hour chart is seen that the Cable moves around a trend line and there are no clear directional signals in the short term. Immediate resistance is yesterday's top 1.6540, followed by 1.6655. Break above that level may trigger further bullish scenario in the medium term. The nearest support is 1.6330. The CCI indicator has crossed down the 100 line on the 1 hour chart, suggesting downward impulse.
Technical resistance levels: 1.6540 1.6655 1.6750
Technical support levels: 1.6330 1.6215 1.6100
Trading range: 1.6375 - 1.6300
Sell at 1.6361 SL 1.6391 TP 1.6311
Yesterday made already +51 pips profit on GBP/USD from the following signal:
7:33 GMT+1 Sell GBP/USD at 1.6459 SL 1.6485 TP 1.6399 exited at 7:51 GMT
Today so far +151, yesterday +109, as shown at www.zifx.com/performance.php