Forex: GBP/USD Technical Analysis – Topping Sub-1.58 Again?
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- Prices testing Double Top resistance at 1.5720, bolstered by the 38.2% Fib exp. (1.5771)
- A break upward initially exposes the 50% expansion at 1.5878
- Negative RSI divergence warns of turn lower. Channel support (1.5580) break need to confirm
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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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