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  • With latest round of GDP data, South Korea's GDP per capita is now ahead of Italy's. Into G7 territory for the first time.
  • Brief update on my $AUDNZD analyst pick: The pair has confirmed the break under near-term rising support from December 20-day SMA has been taken out 50-day sits below still, may still come into play as key support if losses extend https://t.co/y4quXCd177 https://t.co/6kyGLO7BnR
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  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.24% 🇯🇵JPY: -0.00% 🇦🇺AUD: -0.01% 🇨🇦CAD: -0.08% 🇪🇺EUR: -0.24% 🇨🇭CHF: -0.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/zZc4N3ipvy
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  • 🇳🇿 Services NZ PSI (DEC) Actual: 49.2 Previous: 46.7 https://www.dailyfx.com/economic-calendar#2021-01-25
Forex Analysis: GBP/USD Classic Technical Report 12.28.2012

Forex Analysis: GBP/USD Classic Technical Report 12.28.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing support at 1.6099 after taking out resistance-turned-support at 1.6177 and the bottom of a rising channel set from the November 15 low. A break downward aims for the 1.5951-1.60 area. Alternatively, a break back above 1.6177 exposes the 1.63 figure.

Forex_Analysis_GBPUSD_Classic_Technical_Report_12.28.2012_body_Picture_1.png, Forex Analysis: GBP/USD Classic Technical Report 12.28.2012

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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