Pound/Dollar ascended on Friday. The Cable reached a peak of 1.6554, and closed the week at 1.6523. Signals are rising in the short terms and we may see further upward pressure with possible test of 1.6600. However on the 1 hour chart, the Sterling is still caught in trading range area without a clear direction in the medium term. Immediate support is today's bottom at 1.6430, followed by 1.6310. The CCI indicator just crossed up the 100 line on the 1 hour chart, assuming potential ascending pressure.
Technical resistance levels: 1.6500 1.6630 1.6750
Technical support levels: 1.6360 1.6235 1.6125
Trading range: 1.6555 - 1.6480
Sell at 1.6544 SL 1.6574 TP 1.6494
Today we made already +56 pips profit on GBP/USD from the following signal:
5:41 GMT+1 Sell GBP/USD at 1.6486 SL 1.6512 TP 1.6426 exited at 7:14 GMT
Today so far +154, on Friday +104, as shown at www.zifx.com/performance.php