Forex: GBP/USD Technical Analysis – Testing December Highs Anew
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices put in an Evening Star candlestick pattern, hinting a move lower is ahead
- Breaking below 1.6321 (23.6% Fib ret.) exposes 1.6231 (38.2% Fib, Flag top)
- Above 1.6448 (38.2% Fib exp.) negates topping setup, exposes 1.6520 (50% Fib exp.)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.