{"id":46783,"date":"2014-01-27T09:59:55","date_gmt":"2014-01-27T14:59:55","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=46783"},"modified":"2014-01-27T09:59:55","modified_gmt":"2014-01-27T14:59:55","slug":"gbpusd-elliott-wave-forecast-looks-lower","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/27\/gbpusd-elliott-wave-forecast-looks-lower\/","title":{"rendered":"GBPUSD Elliott Wave Forecast: Looks Lower"},"content":{"rendered":"<p>GBPUSD reversed strongly to the downside on Friday from 1.6667 high where pair is showing signs of a top, even if just temporary. A decline from the high is strong and sharp that has extended through the lower side of a recent upward channel. This bearish reversal suggests that pair is heading even lower, ideally back to 1.6300 in this week.<\/p>\n<p>GBPUSD 4h Elliott Wave Analysis<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/docs.zoho.com\/writer\/image.do?imgurl=3f05edc52d15f585b2277258170ce57cc0532e670bcd786632ffebfce01869845cdd2a914a460158eafba03c1716976f\" \/><\/p>\n<p>On GBPUSD intraday chart we see five waves down from 1.6665 which suggests more GBP weakness after a corrective retracement that is expected to stop at 1.6565\/1.6590 resistance zone. Move back beneath 1.6500 will put new low in play.<\/p>\n<p>GBPUSD 1h Elliott Wave Analysis<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/docs.zoho.com\/writer\/image.do?imgurl=3f05edc52d15f585b2277258170ce57cc0532e670bcd786632ffebfce01869843a31b84009d675e3ebced65c52563e9e\" \/><\/p>\n<p>Written by <a title=\"\" href=\"http:\/\/www.ew-forecast.com\" target=\"_blank\">www.ew-forecast.com<\/a><\/p>\n<p>14 days trial just for \u20ac1 &gt;&gt; <a title=\"\" href=\"http:\/\/www.ew-forecast.com\/register\" target=\"_blank\">www.ew-forecast.com\/register<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBPUSD reversed strongly to the downside on Friday from 1.6667 high where pair is showing signs of a top, even if just temporary. A decline from the high is strong and sharp that has extended through the lower side of a recent upward channel. This bearish reversal suggests that pair is heading even lower, ideally &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/01\/27\/gbpusd-elliott-wave-forecast-looks-lower\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GBPUSD Elliott Wave Forecast: Looks Lower&#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-46783","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46783","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=46783"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/46783\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=46783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=46783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=46783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}