29th Nov - GBP/USD Breaks Through L/Term Resistance
29 November 2013
WEEKLY CHART:
Recovery from 76.4% support
found clear resistance from the
falling resistance line. After a
pause we have now seen an initial
break higher, which opens up the
1.6745 Apr-11 high now.
DAILY CHART:
After finding good support from
the former 23.6% retracement
area, fresh strength has seen a
new recovery high, and a move
into the area of prior highs around
1.6300 and the 1.6380 Jan high.
These may not resist for long, and
the next target on this chart is a
Fibo projection at 1.6495.
Next story:
6th December - How strong is the Pound? 
Previous story:
28th Nov - Silver Dropping Back to L/Term 76.4% Level