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Forex: GBP/USD Technical Analysis – January Swing High in Sight

Forex: GBP/USD Technical Analysis – January Swing High in Sight

2014-01-22 13:33:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are testing above resistance at 1.6585 (23.6% Fib exp.)
  • A break higher on a daily closing basis eyes 1.6595-1.6603 (38.2% Fib exp., Jan 2 high)
  • Near-term support is at 1.6439 (falling channel resistance-turned-support)

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

dailyclassics_gbp-usd_body_Picture_5.png, Forex: GBP/USD Technical Analysis – January Swing High in Sight

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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