GBP/USD Technical Analysis 04.02.2013
GBP/USD Technical Analysis - Prices are turning lower from resistance at 1.5260, marked by the March 25 high and a falling trend line cluster set from early January. Near-term support is at 1.5112, the 14.6% Fibonacci expansion, with a break below that targeting the 23.6% level at 1.5021. We continue to hold short for now.
Daily Chart - Created Using FXCM Marketscope 2.0
Want to back-test your technical trading strategy? Download the historical data here.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE