{"id":44578,"date":"2013-11-25T21:51:29","date_gmt":"2013-11-26T02:51:29","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2013\/11\/gbpusd-pulls-back-from-1-6240\/"},"modified":"2013-11-25T21:51:29","modified_gmt":"2013-11-26T02:51:29","slug":"gbpusd-pulls-back-from-1-6240","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/25\/gbpusd-pulls-back-from-1-6240\/","title":{"rendered":"GBPUSD pulls back from 1.6240"},"content":{"rendered":"<p>Being contained by 1.6259 resistance, GBPUSD pulls back from 1.6240. Support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend from 1.5854 could be expected to resume, and another rise to re-test 1.6259 resistance is still possible. On the downside, a clear break below the channel support will indicate that lengthier sideways movement in a trading range between 1.5854 and 1.6259 is underway, then the following downward move could bring price back to test 1.5854 support.<\/p>\n<p><img decoding=\"async\" alt=\"gbpusd\" src=\"http:\/\/blog.forexcycle.com\/wp-content\/uploads\/2013\/11\/20131126_gbpusd_1.png\" \/><\/p>\n<p>Provided by <a href=\"http:\/\/www.forexcycle.com\/\" target=\"_blank\">ForexCycle.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being contained by 1.6259 resistance, GBPUSD pulls back from 1.6240. Support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend from 1.5854 could be expected to resume, and another rise to re-test 1.6259 resistance is still possible. On the downside, a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/25\/gbpusd-pulls-back-from-1-6240\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GBPUSD pulls back from 1.6240&#8221;<\/span><\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-44578","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44578","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"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=44578"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44578\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=44578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=44578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=44578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}