The Traderszone Network

Published in TZ Latest News 16 December, 2015 by The TZ Newswire Staff

Forex technical analysis: GBPUSD peaks below 1.5000. Back above before FOMC

What technical levels stick out in the GBPUSD
The GBPUSD has taken a peek below the 1.5000 level in trading today as the market positions itself for the FOMC decision.  The pair broke below the 200 hour MA yesterday afternoon in sort of a delayed reaction to dollar strength. The fall below the 200 hour MA accelerated the fall.