To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- We sold GBP/USD at 1.6172after prices fell as expectedhaving formed a Shooting Star candle
- The pair satisfied our first target, exposing the 1.60 figure and 1.5941 (38.2% Fib)
- Below support eyes 1.5843 (50% Fib); major resistance is at 1.6259 (Oct 1 high)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? Watch this Video
For live market updates, visit the Real Time News Feed