Forex: GBP/USD Technical Analysis – Closer to a Double Top
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- A bearish Dark Cloud Cover candle pattern marked a turn lower, as expected
- Breaking rising trend line support at initially exposes 1.5918 (23.6% Fib retracement)
- Above resistance at 1.6235 (23.6% Fib expansion) targets 1.6446 (38.2% Fib exp.)
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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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