Pound/Dollar failed to keep the upward impulse on Tuesday, reached a bottom at 1.6388, and closed the day at 1.6454. On the 1 hour chart there is an ascending triangle formed, suggesting a potential decreasing perspectives, especially if the quote is broken downwards. Immediate support is represented by today's bottom at 1.6310 level. Break below this level may lead the Cable to further bearish impetus towards next objective 1.6195. The nearest resistance is yesterday's top at 1.6555, followed by 1.6680. The CCI indicator has crossed down the 100 line the 1 hour chart, indicating downwards pressure.
Technical resistance levels: 1.6555 1.6680 1.6800
Technical support levels: 1.6310 1.6195 1.6070
Trading range: 1.6355 - 1.6280
Sell at 1.6341 SL 1.6371 TP 1.6291
Yesterday made already +60 pips profit on GBP/USD from the following signal:
5:38 GMT+1 Sell GBP/USD at 1.6402 SL 1.6428 TP 1.6342 TP reached at 8:01 GMT
Today so far +132, yesterday +104, as shown at www.zifx.com/performance.php