GBP/USD 1.9654 - 25 February

GBP/USD Open 1.9660 High 1.9705 Low 1.9603 Close 1.9663

The upward impulse of the Sterling, which we witnessed on Thursday, continued on Friday, but now began to lose its strength. However the Cable still remains above 1.9590, which we mark as the first support for today. If the Pound breaks this level, next support is the top from 16 December 2004 at 1.9540, and the 100 day MA at 1.9485, if the correction deepens. Resistance is at Friday's top 1.9710, followed by the 55 day MA 1.9760, and 1.9840, which is the down trend line between the tops from 31 December and 30 January.

Technical resistance levels: 1.9710 1.9760 1.9840

Technical support levels: 1.9590 1.9540 1.9485

Trading range: 1.9675 - 1.9600

Trend: Downward

Sell at 1.9661 SL 1.9691 TP 1.9611

Today we made already +52 pips profit on GBP/USD from the following signal:

6:06 GMT Sell GBP/USD at 1.9668 SL 1.9694 TP 1.9608 exited at 7:35 GMT

Today so far +155, on Friday +208, as shown at www.zifx.com/performance.php