Forex: GBP/USD Technical Analysis – Familiar Range Top Held
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- Prices broke resistance at 1.6131, exposing the Oct 1 high at 1.6259
- A further push above that aims for 1.6326 (trend line from July)
- Back below 1.6131 targets 1.5899 (23.6% Fibonacci 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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