Thursday, September 26, 2013

Forex: GBP/USD Technical Analysis ? Support Sub-1.60 Holding




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Talking Points



  • Prices continue to test support at 1.5985 (61.8% Fib expansion)


  • A break lower initially exposes 1.5878 (50% Fib)


  • Near-term resistance is at 1.6162, the September 18 high


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


dailyclassics_gbp-usd_1_body_Picture_5.png, Forex: GBP/USD Technical Analysis – Support Sub-1.60 Holding


Daily Chart – Created Using FXCM Marketscope 2.0



— Written by Ilya Spivak, Currency Strategist for DailyFX.com



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Forex: GBP/USD Technical Analysis ? Support Sub-1.60 Holding

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