GBP/USD 1.6536 - 24 July

GBP/USD Open 1.6510 High 1.6581 Low 1.6320 Close 1.6476

Pound/Dollar traded intensively on Thursday, but without clear direction. The Cable tried to climb, reached a peak at 1.6582, where further upward movement was limited, and closed the day at 1.6478. Short term signals are rising with targets toward yesterday's top and first resistance 1.6580. Penetration of that level may empower further bullish momentum. Immediate support is the bottom from Wednesday at 1.6320. Break bellow it may trigger further bearish momentum towards 1.6195. The CCI indicator has crossed up the 100 line on the 1 hour chart, indicating for existing bullish pressure.

Technical resistance levels: 1.6580 1.6695 1.6810

Technical support levels: 1.6320 1.6195 1.6070

Trading range: 1.6550 - 1.6475

Trend: Downward

Sell at 1.6536 SL 1.6566 TP 1.6486

Yesterday made already +28 pips profit on GBP/USD from the following signal:

6:57 GMT+1 Buy GBP/USD at 1.6515 SL 1.6489 TP 1.6575 exited at 8:31 GMT

Today so far +102, yesterday +89, as shown at www.zifx.com/performance.php