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Forex pairs in this Article » GBP/USD
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Talking Points

  • A bearish Dark Cloud Cover candle pattern marked a turn lower, as expected
  • Breaking support at 1.5918 (23.6% Fib ret.) exposes the 1.5707 (38.2% Fib ret.)
  • Resistance levels are 1.6184 (trend line from Jul’13), 1.6235 (23.6% Fib exp.)
Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_gbp-usd_body_Picture_12.png, Forex: GBP/USD Technical Analysis – Sellers Probe Below 1.59Daily Chart - Created Using FXCM Marketscope 2.0

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