GBP/USD Technical Analysis – Prices broke above resistance at 1.5354, the 50% Fibonacci retracement, exposing the 61.8% level at 1.5478. A further push beyond that eyes the 76.4% Fib at 1.5631. The 1.5354 mark has been recast as near-term support, with a reversal back beneath that aiming for the 38.2% retracement at 1.5230
Daily Chart - Created Using FXCM Marketscope 2.0
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