GBP/USD 1.4426 - 5 February

GBP/USD Open 1.4456 High 1.4574 Low 1.4322 Close 1.4468

Yesterday Pound/Dollar made a tentatively movement as it opened and closed the day at almost the same price - 1.4453 and 1.4468. The Cable broke the strong resistance 1.4541, suggesting that short term ascending trend from 1.3504 has resumed. On the four hour chart, however, we can be see how the currency couple made unsuccessful attempts to test the main downward trend line. Unless the trend line is penetrated upwards, the decreasing scenario remains valid. Short term signals are neutral. First resistance is yesterday's peak 1.4576. Break above this level may cause a further increasing impetus towards the region of 1.4745. The nearest support is 1.4375 followed by 1.4255. The CCI indicator in neutral area on the daily chart.

Technical resistance levels: 1.4500 1.4610 1.4725

Technical support levels: 1.4165 1.4050 1.3890

Trading range: 1.4385 - 1.4460

Trend: Upward

Buy at 1.4398 SL 1.4368 TP 1.4448

Today we made already +60 pips profit on GBP/USD from the following signal:

5:53 GMT Sell GBP/USD at 1.4448 SL 1.4474 TP 1.4388 TP reached at 7:07 GMT

Today so far +168, yesterday +162, as shown at