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Forex: GBP/USD Technical Analysis – Support Sub-1.60 Holding

Forex: GBP/USD Technical Analysis – Support Sub-1.60 Holding

2013-09-26 11:45:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices continue to test support at 1.5985 (61.8% Fib expansion)
  • A break lower initially exposes 1.5878 (50% Fib)
  • Near-term resistance is at 1.6162, the September 18 high

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_gbp-usd_1_body_Picture_5.png, Forex: GBP/USD Technical Analysis – Support Sub-1.60 Holding

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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