GBP/USD 1.4141 - 3 March

GBP/USD Open 1.4035 High 1.4308 Low 1.3959 Close 1.4051

Yesterday Pound/Dollar traded downwards. The currency couple descended to the bottom at 1.3959, than rose up closed at 1.4051. Of the 4 hour chart we can see that the main trend still remains descending, but in the short term the currency couple is correcting upwards. If winter reduction is restored, the bottom from January may be next target downwards. The nearest support is represented by the 1.3960 level, followed by 1.3835. Immediate resistance is seen at yesterday's top 1.4310. The CCI indicator is heading towards the 100 line on the 1 hour chart, confirming the short term ascending pressure.

Technical resistance levels: 1.4310 1.4455 1.4600

Technical support levels: 1.3960 1.3835 1.3710

Trading range: 1.4155 - 1.4080

Trend: Downward

Sell at 1.4141 SL 1.4171 TP 1.4091

Today we made already +58 pips profit on GBP/USD from the following signal:

6:06 GMT Sell GBP/USD at 1.4124 SL 1.4150 TP 1.4064 exited at 7:39 GMT

Today so far +157, yesterday +153, as shown at