Forex: GBP/USD Technical Analysis – Topping Below 1.65 Figure?
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- Prices put in an Evening Star candlestick pattern, hinting a move lower is ahead
- Breaking support in the 1.6230-43 area (Flag top, 38.2% Fib) exposes 1.6169 (50% Fib)
- Near-term resistance is at 1.6465-84 area (Dec 10 and Dec 18 swing highs)
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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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