Forex: GBP/USD Technical Analysis – Resistance Above 1.61 Falls
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- Prices broke resistance at 1.6117 (76.4% Fib expansion)
- Buyers now aim to challenge 1.6330 (100% Fib)
- Near-term support is at the 1.60 figure, followed by 1.5985 (61.8% Fib)
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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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