Tuesday, April 1, 2014

Forex: GBP/USD Technical Analysis – A Top Set Below 1.67 Mark? | DailyFX

Forex: GBP/USD Technical Analysis – A Top Set Below 1.67 Mark? | DailyFX: "The British Pound may be readying to turn lower anew against the US Dollar after prices produced a Bearish Engulfing candlestick pattern. A break below initial support at 1.6598, the 23.6% Fibonacci expansion, exposes the 38.2% level at 1.6545. Near-term resistance is at 1.6683, the March 31 high, with a reversal above that eyeing the February 14 close at 1.6742."



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