GBP/USD Technical Analysis 04.02.2013

DailyFX

GBP/USD Technical Analysis - Prices are turning lower from resistance at 1.5260, marked by the March 25 high and a falling trend line cluster set from early January. Near-term support is at 1.5112, the 14.6% Fibonacci expansion, with a break below that targeting the 23.6% level at 1.5021. We continue to hold short for now.

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Forex_GBPUSD_Technical_Analysis_04.02.2013_body_Picture_5.png, GBP/USD Technical Analysis 04.02.2013

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

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