To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices are testing above resistance at 1.6259, the Oct 1 high
  • A close above resistance initially exposes 1.6340 (trend line from July)
  • Back below 1.6259 targets a resistance-turned-support shelf at 1.6131

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_gbp-usd_body_Picture_12.png, Forex: GBP/USD Technical Analysis – Bullish Breakout at Hand?

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