We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Mixed
More View more
Breaking news

ECB leaves monetary policy unchanged

GBP/USD Technical Analysis 03.11.2013

GBP/USD Technical Analysis 03.11.2013

2013-03-11 11:41:00
Ilya Spivak, Head Strategist, APAC
Share:

GBP/USD Technical Analysis - Prices broke support at 1.4963, the 123.6% Fibonacci expansion, exposing the 138.2% level at 1.4860. A further break below that aims for the 150% Fib at 1.4777. The 1.4963 mark has been recast as resistance, with a move back above that eyeing the 14.6% Fib retracement at 1.5165. We continue to hold short.

Forex_GBPUSD_Technical_Analysis_03.11.2013_body_Picture_5.png, GBP/USD Technical Analysis 03.11.2013

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

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.