News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
GBPUSD Classic Technical Report 10.22.2012

GBPUSD Classic Technical Report 10.22.2012

Ilya Spivak, Head Strategist, APAC

Prices are once again rebounding from support at the 1.60 figure, a barrier reinforced by the 38.2% Fibonacci retracement at 1.5996. Initial falling trend line resistance lines up at 1.6166, with a break above that broadly exposing the 1.63 figure. Alternatively, a reversal through support targets the 50% retracement at 1.5899.

GBPUSD_Classic_Technical_Report_10.22.2012_body_Picture_5.png, GBPUSD Classic Technical Report 10.22.2012

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES