Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

Forex Analysis: GBP/USD Classic Technical Report 12.28.2012

By , Currency Strategist
28 December 2012 06:38 GMT

Prices are testing support at 1.6099 after taking out resistance-turned-support at 1.6177 and the bottom of a rising channel set from the November 15 low. A break downward aims for the 1.5951-1.60 area. Alternatively, a break back above 1.6177 exposes the 1.63 figure.

Forex_Analysis_GBPUSD_Classic_Technical_Report_12.28.2012_body_Picture_1.png, Forex Analysis: GBP/USD Classic Technical Report 12.28.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

28 December 2012 06:38 GMT