GBP/USD 1.6508 - 28 July

GBP/USD Open 1.6482 High 1.6535 Low 1.6382 Close 1.6486

On Monday Pound/Dollar attempted to drop, going to the 1.6382 bottom, where further bearish views were limited, and the Cable rose sharply to the 1.6515 top, closing the day at 1.6486. On the 1 hour chart we can see that the currency pair made unconvincing break up of the ascending triangle formation. Signals are bullish in the short term, and neutral in the medium term. The nearest resistance is today's top at 1.6555. Break above that level may lead to further upward movement towards next objective 1.6665. Immediate support is represented by yesterday's bottom 1.6380. The CCI indicator crossed up the 100 line on the 1 hour chart, assuming potential increasing perspectives.

Technical resistance levels: 1.6555 1.6665 1.6800

Technical support levels: 1.6380 1.6265 1.6150

Trading range: 1.6495 - 1.6570

Trend: Upward

Buy at 1.6508 SL 1.6478 TP 1.6558

Yesterday made already +40 pips profit on GBP/USD from the following signal:

5:40 GMT+1 Buy GBP/USD at 1.6495 SL 1.6469 TP 1.6555 TP reached at 8:39 GMT

Today so far +158, yesterday +92, as shown at www.zifx.com/performance.php