Forex Strategy: GBP/USD Aiming Above 1.65

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Talking Points

  • GBP/USD Technical Strategy: Flat
  • Prices broke resistance at 1.6406 (38.2% Fib exp.), exposing 1.6577 (50% Fib)
  • Stretched RSI studies warn against entering long for the time being

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Forex_Strategy_GBPUSD_Aiming_Above_1.65_body_Picture_5.png, Forex Strategy: GBP/USD Aiming Above 1.65

Weekly Chart - Created Using FXCM Marketscope 2.0

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

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