Pound/Dollar also increased yesterday. The Cable reached the bottom 1.6430, from where it started climbing. On the 1 hour chart there is a minor bullish channel, indicating upward pressure with possible test of the key resistance 1.6750, followed by 1.6880. Holding under this zone would give prospects for neutral and trading within range. Immediate support is 1.6475. The CCI indicator is about to cross down the 100 line on the 1 hour chart, signaling for potential consolidation.
Technical resistance levels: 1.6750 1.6880 1.7000
Technical support levels: 1.6475 1.6360 1.6235
Trading range: 1.6665 - 1.6740
Buy at 1.6677 SL 1.6647 TP 1.6727
Yesterday made already +60 pips profit on GBP/USD from the following signal:
5:43 GMT+1 Buy GBP/USD at 1.6622 SL 1.6596 TP 1.6682 TP reached at 7:01 GMT
Today so far +188, yesterday +154, as shown at www.zifx.com/performance.php