FOREX ANALYSIS: GBPUSD Classic Technical Report 10.25.2012
Prices rebounded from resistance at 1.5911, the 38.2% Fibonacci retracement, to re-take the 1.60 figure and challenge falling trend line resistance set from mid-September (1.6155). A break above that broadly exposes double top resistance at 1.6303
Daily Chart - Created Using FXCM Marketscope 2.0
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