On Friday Pound/Dollar traded neutrally. The currency couple descended to the bottom at 1.4128, than rose up to 1.4348 and closed the week at 1.4315. Of the 4 hour chart we can see that the main trend still remains descending, but the short term signals are unclear. If winter reduction is restored, the bottom from January may be next target downwards. The nearest support is represented by the 1.4125 level, followed by 1.4015. Immediate resistance is seen at Friday's top 1.4350. The CCI indicator is still in the neutral zone on 3 charts - daily, 4 and 1 hour.
Technical resistance levels: 1.4350 1.4495 1.4600
Technical support levels: 1.4125 1.4015 1.3910
Trading range: 1.4245 - 1.4170
Sell at 1.4234 SL 1.4264 TP 1.4184
Today we made already +35 pips profit on GBP/USD from the following signal:
6:54 GMT Sell GBP/USD at 1.4281 SL 1.4307 TP 1.4221 exited at 7:04 GMT
Today so far +153, on Friday +159, as shown at www.zifx.com/performance.php