GBP/USD 1.6446 - 22 June

GBP/USD Open 1.6468 High 1.6554 Low 1.6307 Close 1.6490

Pound/Dollar made a tentatively movement last week. The Cable attempted to rise, reaching a peak at 1.6554, closing the week lower at 1.6490. The Sterling is currently trading below 1.6450. However, there is a still minor ascending channel on the 1 hour chart. The longer the channel holds, further upward movement may be expected in the near time. Break above 1.6565 may trigger bullish impulse with possible testing of 1.6670. Immediate support is 1.6385, the break of which may take the currency couple further down towards the lower limit of the channel, with possible test of the next support 1.6260. The CCI indicator crossed down the 100 line on the 1 hour chart, signaling for downward pressure.

Technical resistance levels: 1.6565 1.6670 1.6800

Technical support levels: 1.6385 1.6260 1.6135

Trading range: 1.6460 - 1.6385

Trend: Downward

Sell at 1.6446 SL 1.6476 TP 1.6396

Today we made already +60 pips profit on GBP/USD from the following signal:

5:43 GMT+1 Sell GBP/USD at 1.6492 SL 1.6518 TP 1.6432 TP reached at 7:35 GMT

Today so far +174, on Friday +169, as shown at