Pound/Dollar increased in the last 5 days. The currency couple found resistance at levels around 1.4385 at the SMA indicator line. At the moment a combination of candles, forming falling star, with decreasing potential. Looking from the weekly chart perspective, the pair seems very undervalued. Bottom level is 1.3503 with two successful test, meaning that the level has become a serious support. Medium term traders have a wonderful opportunity to realize 11-13 figures in the next 2-3 weeks. Short term support levels are represented by 1.4060, followed by 1.3890. Short term resistance is seen at 1.4400, followed by 1.4510.
Technical resistance levels: 1.4400 1.4510 1.4625
Technical support levels: 1.4060 1.3890 1.3680
Trading range: 1.4325 - 1.4250
Sell at 1.4312 SL 1.4342 TP 1.4262
Today we made already +50 pips profit on GBP/USD from the following signal:
6:07 GMT Sell GBP/USD at 1.4260 SL 1.4286 TP 1.4200 exited at 8:25 GMT
Today so far +137, yesterday +168, as shown at www.zifx.com/performance.php