Tuesday, December 31, 2013

Forex: GBP/USD Technical Analysis ? Advance Extends for Fifth Day




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Talking Points



  • Prices are testing resistance at 1.6520 (50% Fibonacci expansion)


  • A break higher aims for 1.6592 (61.8% Fib exp.)


  • Support is at 1.6448 (38.2% Fib exp.)


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


dailyclassics_gbp-usd_body_Picture_9.png, Forex: GBP/USD Technical Analysis – Advance Extends for Fifth Day


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 ? Advance Extends for Fifth Day

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