GBP/USD 1.9510 - 8 February

GBP/USD Open 1.9422 High 1.9620 Low 1.9389 Close 1.9499

First support for the Sterling against the US Dollar is the bottom for many months 1.9340. Next support is 1.9200, and 1.9110, which is 49.8% correction of the big climb 1.7055 - 2.1155. In upward direction resistance is given at 1.9625, which is 61.6% correction of the drop 1.9775 - 1.9400. Next resistance is the beginning of the above drop at 1.9790, and 1.9950 further up, which must be broken in order for the Cable to rise.

Technical resistance levels: 1.9625 1.9790 1.9950

Technical support levels: 1.9340 1.9200 1.9110

Trading range: 1.9520 - 1.9450

Trend: Downward

Sell at 1.9510 SL 1.9540 TP 1.9460

Today we made already +32 pips profit on GBP/USD from the following signal:

6:10 GMT Sell GBP/USD at 1.9438 SL 1.9464 TP 1.9378 exited at 7:26 GMT

Today so far +131, yesterday +115, as shown at www.zifx.com/performance.php