GBP/USD Open 1.4292 High 1.4383 Low 1.4162 Close 1.4315
Yesterday Pound/Dollar made a modest ascending movement. The currency couple reached a peak at 1.4383 and closed at 1.4315. Of the 4 hour chart we can see that the main trend remains descending, but the short term signals are unclear. If winter reduction is restored, the bottom from January may be next target downwards. The nearest support is represented by the 1.4155 level, followed by 1.4035. Immediate resistance is seen at yesterday's top 1.4385. The CCI indicator in the neutral zone on 3 charts - daily, 4 and 1 hour.
Technical resistance levels: 1.4385 1.4495 1.4600
Technical support levels: 1.4155 1.4035 1.3910
Trading range: 1.4215 - 1.4140
Sell at 1.4204 SL 1.4234 TP 1.4154
iFOREX.bg Forecasts and Trading Signals