Forex: GBP/USD Technical Analysis – Probing Above 1.64 Anew
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- Prices are testing resistance at 1.6406 (trend line from July 2013, 38.2% Fib exp.)
- A break higher targets 1.6577 (50% Fib expansion)
- Falling channel resistance-turned-support is at 1.6221
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
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