Forex: GBP/USD Technical Analysis – Double Top in the Works?
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- A bearish Dark Cloud Cover pattern hints 1.6235 (23.6% expansion) is a possible double top
- Initial support is at 1.5918 (23.6% retracement); a break lower exposes 1.5707 (38.2% Fib)
- A turn above 1.6235 targets 1.6446 (38.2% Fib expansion)
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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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