The Traderszone Network

Published in TZ Latest News 31 May, 2016 by The TZ Newswire Staff

Forex technical analysis: GBPUSD falls further as Brexit worries increase

Levels dropping like flies
The Brexit poll came out more in favor of an exit and that started the fall in the pair.  Since then, the price has taken out technical “levels” including the 200 hour MA, trend line support, the 50% retracement and most recently, the 100 bar MA on the 4 hour chart.