Forex: GBP/USD Technical Analysis – September High Challenged

Ilya Spivak

Mon, Sep 30, 2013, 7:20 AM

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Talking Points

Prices are testing resistance is at 1.6162, the September 18 high
A break higher targets 1.6330 (100% Fibonacci expansion)
Near-term support at 1.5985 (61.8% Fib), followed by 1.5878 (50% Fib)

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dailyclassics_gbp-usd_body_Picture_5.png, Forex: GBP/USD Technical Analysis – September High Challenged

Daily Chart - Created Using FXCM Marketscope 2.0

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

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