GBP/USD 1.4639 - 25 March

GBP/USD Open 1.4702 High 1.4772 Low 1.4457 Close 1.4694

The Pound/Dollar moves in range 1.4625 - 1.4775. Short lull may soon be broken. On the 4 hour chart reducing peaks are observed, indicating downwards pressure. Gold lowered significantly for the last 3 days, supporting the U.S. Dollar. On the daily chart rates are in the middle of the key 1.4395 - 1.4948 zone. Breaking one of the two limits will cause significant movement in the boring direction. Immediate support is 1.4550, followed by 1.4415. Short term resistance level is 1.4775, and then 1.4935.

Technical resistance levels: 1.4775 1.4900 1.5050

Technical support levels: 1.4550 1.4415 1.4255

Trading range: 1.4650 - 1.4575

Trend: Downward

Sell at 1.4639 SL 1.4669 TP 1.4589

Today we made already +36 pips profit on GBP/USD from the following signal:

5:45 GMT Buy GBP/USD at 1.4656 SL 1.4630 TP 1.4716 exited at 6:47 GMT

Today so far +117, yesterday +103, as shown at www.zifx.com/performance.php