Forex: GBP/USD Technical Analysis – 1.64 Mark Challenged Anew
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- Prices fell after showing a Shooting Star candle, snapping rising channel support
- The next layer of support lines up at 1.6217 (Flag resistance-turned-support from Oct)
- Above 1.6406 (channel bottom, 38.2% Fib) eyes the 50% Fib expansion at 1.6577
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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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