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Forex Analysis: GBP/USD Classic Technical Report 12.27.2012

Forex Analysis: GBP/USD Classic Technical Report 12.27.2012

2012-12-27 15:11:00
Ilya Spivak, Head Strategist, APAC
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Prices found support at 1.6099 and corrected to retest support-turned-resistance at 1.6177. A break back above that targets 1.6300. Alternatively, a break past support aims for the 1.5951-1.60 area.

Forex_Analysis_GBPUSD_Classic_Technical_Report_12.24.2012_body_Picture_1.png, Forex Analysis: GBP/USD Classic Technical Report 12.27.2012

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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