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Forex Analysis: GBP/USD Classic Technical Report 12.12.2012

Forex Analysis: GBP/USD Classic Technical Report 12.12.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing range top resistance at 1.6145, with a break higher exposing the September 21 top at 1.6309. Near-term support is at the 1.60 figure, with a break below that exposing 1.5951 rising trend line set from early June now at 1.5931.

Forex_Analysis_GBPUSD_Classic_Technical_Report_12.12.2012_body_Picture_1.png, Forex Analysis: GBP/USD Classic Technical Report 12.12.2012

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

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