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Forex: GBP/USD Technical Analysis – Buyers Eye October Top

Ilya Spivak


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Talking Points


  • Prices broke above falling trend line set from late October
  • Resistance is now at 1.6259 (October 1 high, trend line from early July)
  • Back below the trend line (1.6024) sees support at 1.5899 (23.6% Fib expansion)


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dailyclassics_gbp-usd_body_Picture_12.png, Forex: GBP/USD Technical Analysis – Buyers Eye October Top

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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