{"id":41454,"date":"2013-08-28T20:54:57","date_gmt":"2013-08-29T00:54:57","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2013\/08\/gbpusds-downward-movement-extends-to-1-5429\/"},"modified":"2013-08-28T20:54:57","modified_gmt":"2013-08-29T00:54:57","slug":"gbpusds-downward-movement-extends-to-1-5429","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/28\/gbpusds-downward-movement-extends-to-1-5429\/","title":{"rendered":"GBPUSD\u2019s downward movement extends to 1.5429"},"content":{"rendered":"<p>GBPUSD\u2019s downward movement from 1.5717 extends to as low as 1.5429. Deeper decline is still possible, and the target would be at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the fall from 1.5717 could be treated as consolidation of the uptrend from 1.4813 (Jul 9 low), one more rise towards 1.6000 is still possible after consolidation. On the other side, a clear break below the channel support will indicate that the uptrend from 1.4813 had completed at 1.5717 already, then the following downward movement could bring price to 1.5000 zone.<\/p>\n<p><img decoding=\"async\" alt=\"gbpusd\" src=\"http:\/\/blog.forexcycle.com\/wp-content\/uploads\/2013\/08\/20130829_gbpusd_1.png\" align=\"none\"><\/p>\n<p>Provided by <a target=\"_blank\" title=\"\" href=\"http:\/\/www.forexcycle.com\/\">ForexCycle.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBPUSD\u2019s downward movement from 1.5717 extends to as low as 1.5429. Deeper decline is still possible, and the target would be at the lower line of the price channel on 4-hour chart. As long as the channel support holds, the fall from 1.5717 could be treated as consolidation of the uptrend from 1.4813 (Jul 9 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/28\/gbpusds-downward-movement-extends-to-1-5429\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GBPUSD\u2019s downward movement extends to 1.5429&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-41454","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/41454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=41454"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/41454\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=41454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=41454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=41454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}