The Traderszone Network

Published in TZ Latest News 5 August, 2015 by The TZ Newswire Staff

Forex technical analysis: You are supposed to buy 50% and 200 hour MA tests

200 hour MA at 1.5585. 50% of the move up today is 1.5587
The GBPUSD has pushed down to the 50% of the days move higher and the 200 hour MA (green line in the chart below)at the 1.5585/87 area. The combo is supposed to be bought with a stop below.