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GBP/USD Technical Analysis
Prices are carving out a possible double top below 1.5720, the June swing top closing high
Near-term support is at 1.5503 (falling trend line resistance-turned-support, 23.6% Fib)
Break downward exposes the next downside hurdle at 1.5371 (38.2% Fib retracement)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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Forex: GBP/USD Technical Analysis ? Sellers Flirt with 1.55 Mark
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