Forex: GBP/USD Technical Analysis – October Top Revisited
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- Prices are testing resistance at 1.6235, the 23.6% Fibonacci expansion
- A break higher targets 1.6446 (38.2% Fib expansion)
- Near-term support is at 1.60, 1.5918 (23.6% Fib retracement)
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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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