The Traderszone Network

Published in TZ Latest News 8 December, 2016 by The TZ Newswire Staff

Forex technical analysis: GBPUSD tests 200 hour MA again

GBPUSD falls in sympathy with the EURUSD
The GBPUSD has fallen in sympathy with the EURUSD but at a slower pace (EURGBP is lower). The fall has taken the price back down to the 200 hour MA at 1.25893. Yesterday, that same MA stalled the fall and the price rebounded.