As expected Pound/Dollar made another upward momentum yesterday. The currency couple hit the long target 1.4630, reached a top at 1.4747 and closed at 1.4725. On the daily chart the Cable is in an important phase as the bullish force is now ready to test the potential double top in the region of 1.4775. Break at that level will lead the Sterling to further ascending movement towards 1.4880. The CCI indicator is in the overbought zone on the 4 hour chart, signaling for potential decreasing signals with testing of the support 1.4620.
Technical resistance levels: 1.4775 1.4880 1.5000
Technical support levels: 1.4620 1.4480 1.4330
Trading range: 1.4665 - 1.4740
Buy at 1.4676 SL 1.4646 TP 1.4726
Today we made already +50 pips profit on GBP/USD from the following signal:
7:28 GMT Buy GBP/USD at 1.4648 SL 1.4622 TP 1.4708 exited at 8:29 GMT
Today so far +136, yesterday +171, as shown at www.zifx.com/performance.php