Forex: GBP/USD Technical Analysis – Testing Critical Former Highs
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- Prices broke above resistance at 1.6259 (range top set from Oct 1 high)
- Major resistance in the 1.6309-56 area (Sep’12 & Jan’13 tops, trend line) is now ahead
- Breaking upward eyes 1.6406 (38.2% Fib); back below 1.6259 exposes 1.6131
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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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