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
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 www.zifx.com/performance.php