GBP/USD 1.4573 - 27 April

GBP/USD Open 1.4650 High 1.4755 Low 1.4513 Close 1.4665

Pound/Dollar practically closed March unchanged. Than in April the Cable recovered. Last week the Sterling continued falling after it failing to rise above the resistance 1.4850. On the weekly chart the British currency consolidated, and the inability of the to strengthen above 1.4900 carries risks of further decline. On the daily chart downward pressure on the currency pair is preserved, and divergence is formed. Strengthening under the 1.4445 will signal for reduction. Going above 1.4850 may provoke growth.

Technical resistance levels: 1.4710 1.4825 1.4960

Technical support levels: 1.4605 1.4490 1.4350

Trading range: 1.4585 - 1.4510

Trend: Downward

Sell at 1.4573 SL 1.4603 TP 1.4523

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

6:26 GMT+1 Sell GBP/USD at 1.4624 SL 1.4650 TP 1.4564 TP reached at 7:10 GMT

Today so far +151, on Friday +171, as shown at