GBP/USD 1.4168

GBP/USD Open 1.4293 High 1.4347 Low 1.4122 Close 1.4296

Pound/Dollar also made indecisive movement yesterday. However, the currency couple made a break down from the triangle on the 1 hour chart, suggesting potential decreasing scenario. Short term signals are decreasing with objectives towards the region of 1.4080, but medium term signals remains unclear. Descending scenario is supported by the cross down of the 100 line of the CCI indicator on the 1 hour chart. First resistance is represented by the 1.4305 level.

Technical resistance levels: 1.4305 1.4425 1.4550
Technical support levels: 1.4080 1.3950 1.3800

Trading range: 1.4180 - 1.4105

Trend: Downward

Sell at 1.4168 SL 1.4198 TP 1.4118

onclick=photos_realsize(this,this.src); Forecasts and Trading Signals