Forex: GBP/USD Technical Analysis – Push Above 1.63 Threatened
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- Prices are testing resistance 1.6235 (38.2% Fib) after clearing 1.6162 (Sep 18 high)
- A break higher targets 1.6322 (50% Fibonacci expansion)
- Near-term support at 1.6097 (trend line), followed by the 1.60 figure
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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