Forex: GBP/USD Technical Analysis – Targeting Above 1.65 Figure

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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.)

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dailyclassics_gbp-usd_body_Picture_12.png, Forex: GBP/USD Technical Analysis – Targeting Above 1.65 Figure

Daily Chart - Created Using FXCM Marketscope 2.0

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

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