GBP/USD 1.4652 - 24 March

GBP/USD Open 1.4555 High 1.4731 Low 1.4428 Close 1.4549

Yesterday the fight on the down trend line between buyers and sellers on the market on 4 hour chart was clearly won by the buyers. The trend line was penetrated upwards, suggesting a potential bullish outlook. On the 1 hour chart there is also a valid ascending channel. The signals remain rising for now targets towards the region of 1.4800. First support is seen in the region of 1.4540. The CCI indicator is upwards and about to cross up the 100 line on the 4 hour chart, signaling for potential upwards pressure.

Technical resistance levels: 1.4595 1.4730 1.4900

Technical support levels: 1.4540 1.4410 1.4255

Trading range: 1.4640 - 1.4715

Trend: Upward

Buy at 1.4652 SL 1.4622 TP 1.4702

Today we made already +32 pips profit on GBP/USD from the following signal:

5:47 GMT Buy GBP/USD at 1.4699 SL 1.4673 TP 1.4759 exited at 5:57 GMT

Today so far +103, yesterday +210, as shown at www.zifx.com/performance.php