After dropping to the bottom 1.4840, yesterday Pound/Dollar yesterday showed an increasing momentum and climbed to 1.5047, closing lower at 1.5012. Signals remain rising for the time being, and prices may test again the upper trend line. Short term resistance is today's top at 1.5060. Break above this level may cause further bullish movement towards 1.5180 and 1.5300. Immediate support is at 1.4960. The CCI indicator is in the overbought zone and downwards of the 1 and 4 hour charts, indicating potential descending pressure.
Technical resistance levels: 1.5060 1.5180 1.5300
Technical support levels: 1.4960 1.4840 1.4715
Trading range: 1.5065 - 1.4990
Sell at 1.5053 SL 1.5083 TP 1.5003
Today we made already +60 pips profit on GBP/USD from the following signal:
5:45 GMT+1 Buy GBP/USD at 1.5000 SL 1.4974 TP 1.5060 TP reached at 8:09 GMT
Today so far +146, yesterday +114, as shown at www.zifx.com/performance.php