EUR/GBP Technical Analysis - Prices appear to be carving out a Triangle chart formation, which may be broadly indicative of bullish continuation (although confirmation is required on a break above the setup’s upper boundary). Near-term resistance is at 0.8503, the 14.6% Fibonacci expansion, with a break above that targeting the 23.6% level at 0.8569. Triangle support is now at 0.8397.

Forex_EURGBP_Technical_Analysis_04.30.2013_body_Picture_5.png, EUR/GBP Technical Analysis 04.30.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail 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