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Forex Analysis: EUR/GBP Classic Technical Report 01.23.2013

Ilya Spivak

Prices are pulling back from resistance at 0.8411, the 123.6% Fibonacci expansion. Initial support is at 0.8348, the 100% level, with a break below that targeting 76.4% Fib at 0.8286. Alternatively, a reversal above 0.8411 eyes the 138.2% expansion at 0.8449.


Forex_Analysis_EURGBP_Classic_Technical_Report_01.23.2013_body_Picture_1.png, Forex Analysis: EUR/GBP Classic Technical Report 01.23.2013

Daily Chart - Created Using FXCM Marketscope 2.0




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


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