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GBP/USD Technical Analysis 04.08.2013

Ilya Spivak

GBP/USD Technical AnalysisPrices are testing resistance at 1.5354, the 50% Fibonacci retracement, with a break above that targeting the 61.8% level at 1.5478. Near-term support is at 1.5230, the 38.2% Fib. A break below that eyes trend line resistance-turned-support at 1.5167.


Forex_GBPUSD_Technical_Analysis_04.08.2013_body_Picture_5.png, GBP/USD Technical Analysis 04.08.2013

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


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