Pound/Dollar also failed to continue its upward momentum yesterday. The Cable reached a peak at 1.4955, than sharply crashed down to the bottom 1.4669, closing at 1.4768. Short signals are neutral and trading range is limited for now. Immediate support is 1.4640. Break downwards may lead to further bearish momentum towards 1.4450. Short term resistance is 1.4840 followed by 1.4960. The CCI indicator is about to cross down the 100 line on the daily chart, signaling for potential descending pressure.
Technical resistance levels: 1.4840 1.4960 1.5050
Technical support levels: 1.4640 1.4450 1.4330
Trading range: 1.4750 - 1.4675
Sell at 1.4736 SL 1.4766 TP 1.4686
Today we made already +51 pips profit on GBP/USD from the following signal:
5:45 GMT+1 Sell GBP/USD at 1.4703 SL 1.4729 TP 1.4643 exited at 6:29 GMT
Today so far +128, yesterday +142, as shown at www.zifx.com/performance.php