GBP/USD 1.4699 - 29 April

GBP/USD Open 1.4622 High 1.4730 Low 1.4520 Close 1.4627

Yesterday Pound/Dollar made indecisive movement, forming divergence on the daily chart. The Cable found support at 1.4520, before bouncing up at the announced better than expected economic data. On the 4 hour chart quotes are still moving under the resistance trend line. There is also a triangle formation, suggesting consolidation. Short term signals are neutral. The trading range is likely to be between 1.4520 and 1.4740 today. The CCI indicator is in the neutral zone on 3 charts - 1, 4 hour, and daily.

Technical resistance levels: 1.4730 1.4825 1.4960

Technical support levels: 1.4520 1.4400 1.4250

Trading range: 1.4685 - 1.4750

Trend: Upward

Buy at 1.4699 SL 1.4669 TP 1.4739

Today we made already +42 pips profit on GBP/USD from the following signal:

5:46 GMT+1 Buy GBP/USD at 1.4689 SL 1.4663 TP 1.4749 exited at 6:31 GMT

Today so far +111, yesterday +141, as shown at www.zifx.com/performance.php