Forex: GBP/USD Technical Analysis – Support Below 1.65 in Focus
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- A Bearish Engulfing candlestick pattern hints a move lower is ahead
- Breaking below 1.6426 (23.6% Fib ret., trend line) exposes 1.6316 (38.2% Fib ret.)
- Near-term resistance is at 1.6603 (January 2 swing high)
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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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