{"id":100992,"date":"2017-01-19T08:34:38","date_gmt":"2017-01-19T13:34:38","guid":{"rendered":"http:\/\/countingpips.com\/?p=100992"},"modified":"2017-01-19T08:34:38","modified_gmt":"2017-01-19T13:34:38","slug":"gbpusd-poc-zone-is-1-2250-75","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/01\/gbpusd-poc-zone-is-1-2250-75\/","title":{"rendered":"GBP\/USD POC Zone is 1.2250-75"},"content":{"rendered":"
January 19, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The spike that was caused after Theresa May’s conference was successfully faded as we predicted in the previous GBP\/USD<\/a> coverage. However it has been clear that 1.2250 is very important support and that it needs to break for further bearish continuation. However if GBP\/USD keeps above 1.2250-75 (Bullish order block, H3 weekly camarilla, 50.0 fib, EMA89) we might see an extension towards 1.2412 and 1.2480. 1.2300 is support now and the break of support might retest the POC zone. However if 1.2250 breaks to the downside we might see 1.2200 followed by 1.2150.<\/p>\n

Currently the pair is showing an emerging Ascending Scallop pattern around 1.2300 level which further established 1.2300 as interim support.<\/p>\n

Follow @TarantulaFX<\/a> on twitter for latest market updates<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: GBP\/USD POC Zone is 1.2250-75<\/a><\/p>

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets The spike that was caused after Theresa May’s conference was successfully faded as we predicted in the previous GBP\/USD coverage. However it has been clear that 1.2250 is very important support and that it needs to break for further bearish continuation. However if GBP\/USD keeps above 1.2250-75 (Bullish order block, H3 weekly […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-100992","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=100992"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100992\/revisions"}],"predecessor-version":[{"id":100993,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100992\/revisions\/100993"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=100992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=100992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=100992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}