GBP/USD 1.6175 - 9 June

GBP/USD Open 1.6038 High 1.6175 Low 1.5815 Close 1.6047

Pound/Dollar also attempted heading downwards on Monday, made a bottom at 1.5811, but than climbed with over 250 pips, and closed at 1.6050. On the 1 hour chart is seen that the 1.5815 support stopped the downward movement, protecting the Cable from further bearish impetus. Short term signals are neutral for the time being. Immediate resistance is represented by today's top 1.6180 level. Break above this level may trigger further bullish momentum towards 1.6300. The CCI indicator is in the neutral zone of the 1 and 4 hour charts.

Technical resistance levels: 1.6180 1.6300 1.6420

Technical support levels: 1.5985 1.5815 1.5700

Trading range: 1.6185 - 1.6115

Trend: Downward

Sell at 1.6175 SL 1.6205 TP 1.6125

Today we made already +9 pips profit on GBP/USD from the following signal:

6:14 GMT+1 Sell GBP/USD at 1.6024 SL 1.6050 TP 1.5964 exited at 6:21 GMT

Today so far +49, yesterday +182, as shown at www.zifx.com/performance.php