In March, Pound/Dollar consolidated, and development of targeted traffic could not be achieved. Last week the British currency made a rising effort, but closed the week with a decrease, which carries the risk of decline renewal. On the weekly chart has a divergence is formed, there is no correction in the currency pair for now, but the inability to close last week above 1.4490 will provide the prerequisites for further decline. The Sterling still remains above the minimum from 2001. On the daily chart pressure on the British currency is significantly lower, and the currency pair continues to consolidates within a wide range. Strengthening under 1.4100 will signal for the decrease of the UK currency. Going above above 1.4480 may provoke growth.
Technical resistance levels: 1.4295 1.4485 1.4630
Technical support levels: 1.4100 1.4005 1.3870
Trading range: 1.4190 - 1.4120
Sell at 1.4180 SL 1.4210 TP 1.4130
Today we made already +60 pips profit on GBP/USD from the following signal:
5:45 GMT Sell GBP/USD at 1.4240 SL 1.4266 TP 1.4180 TP reached at 6:28 GMT
Today so far +194, on Friday +175, as shown at www.zifx.com/performance.php