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

Ilya Spivak


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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
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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