GBP/USD Technical Analysis 04.23.2013
GBP/USD Technical Analysis – Prices are testing below support at the bottom of a rising channel, with a break downward on a daily closing basis exposing the 23.6% Fibonacci expansion at 1.5054. Near-term resistance is at 1.5408, the 38.2% Fib retracement.
Daily Chart - Created Using FXCM Marketscope 2.0
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