The Traderszone Network

Published in TZ Latest News 13 July, 2016 by The TZ Newswire Staff

Forex technical analysis: GBPUSD tests 38.2% of weeks move higher.

The EURGBP test midpoint
The GBPUSD fell below the floor level outlined earlier at the 1.3220-22 and the price has wandered down. The pair is testing the 38.2% of the weeks move higher this week. That level comes in at 1.31498. The low just got down to 1.3155.