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Forex: GBP/USD Technical Analysis – Targeting Above 1.65 Figure

Forex: GBP/USD Technical Analysis – Targeting Above 1.65 Figure

2013-12-30 05:46:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices are testing resistance at 1.6520 (50% Fibonacci expansion)
  • A break higher aims for 1.6592 (61.8% Fib exp.)
  • Support is at 1.6448 (38.2% Fib exp.)

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

dailyclassics_gbp-usd_body_Picture_12.png, Forex: GBP/USD Technical Analysis – Targeting Above 1.65 Figure

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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