The Traderszone Network

Published in TZ Latest News 15 January, 2016 by The TZ Newswire Staff

Forex technical analysis: GBPUSD tests and breaks quickly below 1.4300

Correction fails…
In an earlier post, I spoke of the bare minimum the GBPUSD price had to do.  That was to get and stay above the 100 bar MA.  The pair tried, but it just could not do it, and the move into the Friday 4 PM fixing was to the downside.