Forex Analysis: GBP/USD Classic Technical Report 12.27.2012
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.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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