Forex: GBP/USD Technical Analysis – Channel Support Broken
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- Prices fell after showing a Shooting Star candle, snapping rising channel support
- Sellers now aim to challenge 1.6213 (Flag resistance-turned-support from Oct)
- Back above the channel (1.6375) eyes the 38.2% Fib expansion at 1.6406
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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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