Forex: GBP/USD Technical Analysis – Selloff Stalling Near 1.64
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- Prices broke support at 1.6426 (23.6% Fib ret), exposing 1.6316 (38.2% Fib)
- A further push below that targets the 1.6204-28 area (Flag top, 50% Fib ret.)
- Turning back above 1.6426 aims for 1.6465 (trend line support-turned-resistance)
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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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