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  • $Gold catching a bid ahead of #FOMC https://t.co/zEwlvLxapy https://t.co/nX2J1gufkw
  • $EURUSD trying to hold support in the fibonacci zone b/w 1709 and 1736, same that helped to catch the Q1 low one more level below that zone and its the 2021 low at 1664 $USD $DXY https://t.co/sntjlxZrnl
  • EUR/USD has been packed in tightly between two key kevels (1.1700/38) since the open on Sunday night. Get your $EURUSD market update from @HathornSabin here:https://t.co/y8SKCtGUFj https://t.co/7atjCSqVS0
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Forex Analysis: GBP/USD Classic Technical Report 12.21.2012

Forex Analysis: GBP/USD Classic Technical Report 12.21.2012

Ilya Spivak, Head Strategist, APAC

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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