Forex: GBP/USD Technical Analysis – Familiar Support Back in Play
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- A bearish Dark Cloud Cover candle pattern marked a turn lower, as expected
- Breaking trend line support seems to confirm a double top, exposing 1.5918 (23.6% Fib ret.)
- Reversing back above the trend line (1.6115) targets 1.6235 (23.6% 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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