GBP/USD 1.6633 - 3 June

GBP/USD Open 1.6567 High 1.6660 Low 1.6332 Close 1.6579

Pound/Dollar continued to ascend yesterday on the foreign exchange market and broke up the key resistance at 1.6540, continuing its upward movement confidently towards the critical resistance of 1.6680, which is 62% Fibonacci correction of the drop 1.8650 - 1.3520. Immediate support is 1.6425, the break of which may determine whether the Cable is capable of going towards the 49.8% Fibonacci correction of the 1.6125 level. Trading range today is expected between the key support at 1.6330 and the key resistance at 1.6700.

Technical resistance levels: 1.6500 1.6770 1.6900

Technical support levels: 1.6350 1.6240 1.6160

Trading range: 1.6645 - 1.6570

Trend: Downward

Sell at 1.6633 SL 1.6663 TP 1.6583

Today we made already +49 pips profit on GBP/USD from the following signal:

5:41 GMT+1 Buy GBP/USD at 1.6609 SL 1.6583 TP 1.6669 exited at 6:53 GMT

Today so far +129, yesterday +81, as shown at www.zifx.com/performance.php