GBP/USD 1.5008 - 8 May

GBP/USD Open 1.5029 High 1.5186 Low 1.4945 Close 1.5011

Pound/Dollar failed to continue its rising scenario yesterday. On the 1 hour chart after failing to hold above the 1.5185 resistance, the Cable fell sharply with over 200 pips, broke the trend line support, but still held above 1.4945. Short term signals remain neutral, but the fact that trend line was impaired may give some descending pressure today. Going under the key support 1.4945 may cause further bearish scenario with targets towards 1.4840. Immediate resistance is 1.5150.

Technical resistance levels: 1.5185 1.5295 1.5400

Technical support levels: 1.4945 1.4840 1.4725

Trading range: 1.4995 - 1.5070

Trend: Upward

Buy at 1.5008 SL 1.4978 TP 1.5058

Today we made already +31 pips profit on GBP/USD from the following signal:

5:45 GMT+1 Sell GBP/USD at 1.5031 SL 1.5057 TP 1.4971 exited at 7:06 GMT

Today so far +91, yesterday +99, as shown at www.zifx.com/performance.php