Forex: GBP/USD Technical Analysis – 1.64 Holding as Resistance
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- Prices are testing the 1.6406-23 area (trend line from Jul’13, 38.2% Fib exp.)
- A break higher initially targets 1.6577 (50% Fib expansion)
- Falling channel resistance-turned-support is at 1.6215
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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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