GBP/USD Technical Analysis – Prices are testing above resistance at 1.5408, the 38.2% Fibonacci retracement. A break above this barrier on a daily closing basis targets a rising channel top at 1.5515 and the 50% level at 1.5586. Support is in the 1.5187-1.5216 area, marked by channel bottom and the 23.6% retracement.
Daily Chart - Created Using FXCM Marketscope 2.0
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