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Forex: GBP/USD Technical Analysis – October Top Revisited

Forex: GBP/USD Technical Analysis – October Top Revisited

2013-10-23 12:27:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • 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)

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

dailyclassics_gbp-usd_body_Picture_6.png, Forex: GBP/USD Technical Analysis – October Top Revisited

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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