Forex: GBP/USD Technical Analysis – Bulls Threaten December Top
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Talking Points
Prices are testing above resistance at 1.6430 (23.6% Fib expansion)
A break higher on a daily closing basis initially exposes 1.6516 (38.2% Fib exp.)
Near-term support is at 1.6291, the December 6 low
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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