GBP/USD 1.9715 - 9 April

GBP/USD Open 1.9929 High 1.9919 Low 1.9650 Close 1.9697

The British Pound dropped considerably against the US Dollar because of the weak data from the housing sector. The currency couple reached its lowest rates for the last 6 weeks, and ended last session at 1.9697. Today short term resistance is expected at 1.9805, followed by 1.9925, and 2.0070. Supports are given by the levels 1.9650, 1.9560, and 1.9480.

Technical resistance levels: 1.9805 1.9925 2.0070

Technical support levels: 1.9650 1.9560 1.9480

Trading range: 1.9725 - 1.9655

Trend: Downward

Sell at 1.9715 SL 1.9745 TP 1.9665

Today we made already +33 pips profit on GBP/USD from the following signal:

7:24 GMT+1 Sell GBP/USD at 1.9696 SL 1.9722 TP 1.9636 exited at 7:39 GMT+1

Today so far +86, yesterday +128, as shown at www.zifx.com/performance.php