Pound/Dollar also continued its bullish momentum yesterday. The currency couple broke the 1.4460 resistance level, reached the top at 1.4593, and closed the day at 1.4510. On the 4 hour chart the Cable is testing the base line of the bearish trend. Valid breakthrough in the opposite direction may trigger additional bullish impetus with targets towards the 1.4700 area. The CCI indicator is in the overbought zone, therefore potential downward pressure is possible with testing of the 1.4410 support level.
Technical resistance levels: 1.4595 1.4730 1.4900
Technical support levels: 1.4410 1.4255 1.4000
Trading range: 1.4525 - 1.4600
Buy at 1.4539 SL 1.4509 TP 1.4589
Today we made already +60 pips profit on GBP/USD from the following signal:
5:51 GMT Buy GBP/USD at 1.4437 SL 1.4411 TP 1.4497 TP reached at 7:20 GMT
Today so far +186, yesterday +146, as shown at www.zifx.com/performance.php