The Traderszone Network

Published in TZ Latest News 19 July, 2016 by The TZ Newswire Staff

Forex technical analysis: GBPUSD falls below 1.3100 but bounces

Stops but bounce
The GBPUSD fell below the 1.3100 level on the way to new day lows at 1.30867. The price stayed below the 1.3100 level for less than 2 minutes. The correction has come back to the 38.2-50% of  the last move lower.  The low off that…1.3101.  Back to support at 1.3100 it seems after the peak below..