GBP/USD 1.6513 - 24 June

GBP/USD Open 1.6437 High 1.6560 Low 1.6210 Close 1.6451

Pound/Dollar attempted to drop yesterday, reaching a bottom at 1,6210, but further bearish movement was limited and the Cable rose up to 1.6469, closing the day at 1.6451. On the 1 hour chart is seen that the the triangle formation was broken downwards unconvincingly. Signals are currently rising with targets towards 1.6600, but remain neutral in the medium term. The CCI indicator just crossed up the 100 line on the 4 hour chart, confirmin the ascending scenarion with possible test of the 1.6600 resistance level.

Technical resistance levels: 1.6600 1.6730 1.6850

Technical support levels: 1.6245 1.6135 1.6000

Trading range: 1.6500 - 1.6575

Trend: Upward

Buy at 1.6513 SL 1.6483 TP 1.6565

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

6:44 GMT+1 Buy GBP/USD at 1.6441 SL 1.6415 TP 1.6501 TP reached at 7:42 GMT

Today so far +175, yesterday +154, as shown at www.zifx.com/performance.php