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Forex: GBP/USD Technical Analysis – Bulls Threaten December Top

Forex: GBP/USD Technical Analysis – Bulls Threaten December Top

2013-12-10 07:15:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are testing above resistance at 1.6430 (23.6% Fib expansion)
  • A break higher on a daily closing basis initially exposes 1.6516 (38.2% Fib exp.)
  • Near-term support is at 1.6291, the December 6 low

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_gbp-usd_body_Picture_12.png, Forex: GBP/USD Technical Analysis – Bulls Threaten December Top

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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