Forex: GBP/USD Technical Analysis – Bulls Aim Above 1.60
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Talking Points
Prices broke resistance at 1.5878 (50% Fib), exposing 1.5985 (61.8% Fib)
A further push higher beyond that aims for a rising channel top now at 1.6061
Reversing back below 1.5878 aims for the 1.5750-71 area (June 17 high, 38.2% Fib)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
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