Forex: GBP/USD Technical Analysis – October Swing Highs Eyed
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- Prices broke above falling trend line set from late October
- Resistance is now in the 1.6259-75 area (October 1 high, trend line from early July)
- Below the Oct trend line (1.6015) sees support at 1.5899 (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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