Forex: GBP/USD Technical Analysis – Resistance Seen Above 1.62
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices broke resistance at 1.6131, exposing the Oct 1 high at 1.6259
- A further break above that aims for 1.6312 (trend line from July)
- Back below 1.6131 targets 1.5899 (23.6% Fibonacci expansion)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.