Forex: GBP/USD Technical Analysis – Sellers Held at 1.60 Mark
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- We sold GBP/USD at 1.6172after prices fell as expectedhaving formed a Shooting Star candle
- The pair satisfied our first target, exposing the 1.60 figure and 1.5941 (38.2% Fib)
- Below support eyes 1.5843 (50% Fib); major resistance is at 1.6259 (Oct 1 high)
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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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