GBP/USD 1.6327 - 25 June

GBP/USD Open 1.6426 High 1.6597 Low 1.6320 Close 1.6407

Pound/Dollar attempted to rise on Thursday. The Cable passed up the long term target 1.6570, reached a top at 1,6597, but further upward momentum was limited there, and the Sterling fell to the bottom 1.6380, closing the day at 1.6407. After the unconvincing break down of the upward trend line yesterday, the currency pair tested again the trend line as a support. Immediate support is represented by the 1.6280 level, followed by 1.6160. The nearest resistance is 1.6595. The CCI indicator has just crossed down the 100 line on the 1 and 4 hour charts, suggesting downwards intraday trading.

Technical resistance levels: 1.6595 1.6730 1.6850

Technical support levels: 1.6280 1.6160 1.6025

Trading range: 1.6315 - 1.6390

Trend: Upward

Buy at 1.6327 SL 1.6297 TP 1.6377

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

5:48 GMT+1 Sell GBP/USD at 1.6456 SL 1.6482 TP 1.6396 TP reached at 8:01 GMT

Today so far +158, yesterday +175, as shown at www.zifx.com/performance.php