GBP/USD 1.5053 - 5 May

GBP/USD Open 1.5025 High 1.5060 Low 1.4840 Close 1.5012

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

Trend: Downward

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