XE.com – Forex: GBP/USD Technical Analysis ? Ready to Turn …

2014-02-25 13:07 (UTC)Ilya Spivak, Currency Strategist
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Talking Points:

GBP/USD Technical Strategy: Flat

Support: 1.6593 (23.6% Fib ret.), 1.6452 (38.2% Fib ret.)

Resistance: 1.6667-80 (Jan 24 high, 14.6% Fib ret.), 1.6822 (Feb 17 high)

The British Pound is attempting to launch a recovery against the US Dollar. Prices are testing above support-turned-resistance in the 1.6667-80 area, […]