By: iForex.bg
Pound/Dollar also had an increasing momentum on Friday. The Cable made a peak at 1.5238 and closed at 1.5225. On the daily chart we have ascending channel with resistance and next target at 1.5365. The CCI indicator is in the overbought zone and downwards on the 1 and 4 hour hour charts, so be careful for a potential descending pressure with possible test of the 1.5150 support level, followed by 1.5065.
Technical resistance levels: 1.5365 1.5480 1.5600
Technical support levels: 1.5150 1.4945 1.4840
