Forex: GBP/USD Technical Analysis – Signs of Topping Remain
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- Prices broke resistance at 1.6363 (23.6% Fib exp.), exposing 1.6452 (38.2% Fib exp.)
- A bearish Evening Star pattern is valid absent a close above 1.6465 (Dec 10 high)
- Back below 1.6363 eyes the 1.6206-31 area (Flag pattern top, 38.2% Fib retracement)
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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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