Forex Strategy: GBP/USD Short Entry Sought
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- GBP/USD Technical Strategy: Pending short, waiting for confirmation
- A Dark Cloud Cover candlestick pattern below resistance at 1.6259 hints at topping
- Breaking below 1.5903 (23.6% Fib, trend line from April ’11) exposes 1.5682 (38.2% Fib)
Confirm your chart-based trade setups with the Technical Analyzer.
Weekly Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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