Pound/Dollar also failed to continue its upward movement yesterday. The currency couple made a moderate decreasing movement after the decision of the BOE for rates reduction with 50 b.p. We still have a secondary minor ascending channel on the 1 hour chart. Signals remain neutral in the near future, but the Cable should remain under downward pressure in longer period. Immediate support is yesterday's bottom 1.4040. Short term resistance is seen at 1.4310. The CCI indicator is in the neutral zone on the 1 and 4 hour charts.
Technical resistance levels: 1.4315 1.4455 1.4600
Technical support levels: 1.4040 1.3910 1.3800
Trading range: 1.4270 - 1.4200
Sell at 1.4260 SL 1.4290 TP 1.4210
Today we made already +16 pips profit on GBP/USD from the following signal:
5:48 GMT Sell GBP/USD at 1.4174 SL 1.4200 TP 1.4114 exited at 5:51 GMT
Today so far +93, yesterday +131, as shown at www.zifx.com/performance.php