Yesterday Pound/Dollar attempted to decrease. After the breaking down the formation of the ascending triangle, which gives us a good short signals, the Cable developed further descending momentum to the bottom 1.4513, but further bearish scenario was rejected and the British currency sharply rose. On the 1 hour chart, after rising, the Sterling tested levels below the triangle line as a resistance. Signals are neutral for now. Short term support is represented by the 1.4515, the break of which may lead to further bearish movement. Immediate resistance is 1.4700. The CCI indicator is in the neutral zone on 3 charts - 1, 4 hour and daily.
Technical resistance levels: 1.4700 1.4825 1.4960
Technical support levels: 1.4515 1.4400 1.4250
Trading range: 1.4515 - 1.4590
Buy at 1.4528 SL 1.4498 TP 1.4578
Today we made already +60 pips profit on GBP/USD from the following signal:
5:45 GMT+1 Sell GBP/USD at 1.4581 SL 1.4607 TP 1.4521 TP reached at 8:05 GMT
Today so far +141, yesterday +151, as shown at www.zifx.com/performance.php