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Forex Strategy: GBP/USD Aiming Above 1.65

Forex Strategy: GBP/USD Aiming Above 1.65

2013-12-30 11:20:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • GBP/USD Technical Strategy: Flat
  • Prices broke resistance at 1.6406 (38.2% Fib exp.), exposing 1.6577 (50% Fib)
  • Stretched RSI studies warn against entering long for the time being

Confirm your chart-based trade setups with the Technical Analyzer.

Forex_Strategy_GBPUSD_Aiming_Above_1.65_body_Picture_5.png, Forex Strategy: GBP/USD Aiming Above 1.65

Weekly Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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