Forex: GBP/USD Technical Analysis – Double Top in the Works?
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- Prices testing possible Double Top in the 1.5750-71 area (June 17 high, 38.2% Fib expansion)
- Reversal lower from here sees initial rising channel support at 1.5598
- Break above resistance on a daily closing basis targets 1.5878, the 50% Fib expansion
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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