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
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