Pound/Dollar tested the support of the downward triangle this morning. These levels stand still for the third consecutive day on the daily chart, which shows us the opportunity for the currency couple to make an upward movement. Volatility of the Cable starts to decrease significantly. Price moves in 4 figures for long period of time, which is not typical for this Sterling. Short term support levels are 1.3960 followed by 1.3515. Short term resistance is represented by the 1.4350 followed by 1.4520.
Technical resistance levels: 1.4310 1.4455 1.4600
Technical support levels: 1.3960 1.3835 1.3710
Trading range: 1.4100 - 1.4025
Sell at 1.4087 SL 1.4117 TP 1.4037
Today we made already +33 pips profit on GBP/USD from the following signal:
5:47 GMT Sell GBP/USD at 1.4030 SL 1.4056 TP 1.3970 exited at 6:03 GMT
Today so far +130, yesterday +157, as shown at www.zifx.com/performance.php