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Forex Analysis: GBP/USD Classic Technical Report 12.21.2012

Forex Analysis: GBP/USD Classic Technical Report 12.21.2012

2012-12-21 13:54:00
Ilya Spivak, Head Strategist, APAC
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Prices are pulling back from resistance at the 1.6300 figure after putting in a bearish Gravestone Doji candle. Initial support is at 1.6177, with a break below that exposing the 1.5951-1.60 area. Alternatively, a break above resistance exposes the 1.64 mark.

Forex_Analysis_GBPUSD_Classic_Technical_Report_12.21.2012_body_Picture_1.png, Forex Analysis: GBP/USD Classic Technical Report 12.21.2012

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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