The Traderszone Network

Published in TZ Latest News 25 July, 2017 by The TZ Newswire Staff

Forex technical analysis: GBPUSD tests support. Better data sends the pair back down

Hourly and intraday support
The better than expected US data has sent the GBPUSD back to the downside where it is testing support. 
Looking at the hourly chart of the GBPUSD, the pair is testing support at the 1.3047-52 area. The area is defined by swing levels, and the 61.8% of the move down from the July