Forex: GBP/USD Technical Analysis – Sellers Flirt with 1.55 Mark
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GBP/USD Technical Analysis
- Prices are carving out a possible double top below 1.5720, the June swing top closing high
- Near-term support is at 1.5503 (falling trend line resistance-turned-support, 23.6% Fib)
- Break downward exposes the next downside hurdle at 1.5371 (38.2% Fib retracement)
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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