Forex: GBP/USD Technical Analysis – Support Just Above 1.63
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- Prices broke support at 1.6425 (23.6% Fib ret), exposing 1.6316 (38.2% Fib)
- A further push below that targets 1.6228 (50% Fib retracement)
- Turning back above 1.6425 aims for 1.6480 (trend line support-turned-resistance)
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--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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