Forex: GBP/USD Technical Analysis – Bulls Aim Above 1.60
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices broke resistance at 1.5878 (50% Fib), exposing 1.5985 (61.8% Fib)
- A further push higher beyond that aims for a rising channel top now at 1.6061
- Reversing back below 1.5878 aims for the 1.5750-71 area (June 17 high, 38.2% Fib)
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
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? Watch this Video
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.