{"id":107254,"date":"2017-06-12T04:25:11","date_gmt":"2017-06-12T08:25:11","guid":{"rendered":"http:\/\/countingpips.com\/?p=107254"},"modified":"2017-06-12T04:25:11","modified_gmt":"2017-06-12T08:25:11","slug":"gbpusd-possible-breakaway-gap","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/06\/gbpusd-possible-breakaway-gap\/","title":{"rendered":"GBP\/USD Possible Breakaway Gap"},"content":{"rendered":"
June 12, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The GBP\/USD had sharpely fell when its was announced that UK Prime Minister May’s gambit<\/a> didn’t go as planned. The result of UK Snap election<\/a> created a sell-off in the GBP and at this point we can see that GBP is sold on rallies. The current price structure along with the camarilla pivots tell me that this could be a breakaway gap. The breakaway gap indicates that a new trend is about to develop after the gap has formed outside of the previous range. Also the gap is similar to a runaway gap, where the price fails to close the gap and it just proceeds with momentum.<\/p>\n

\n\tThe gap has been formed around W H3\/ M H3 pivot extending to W L3 support. The POC zone is 1.2765-85 (38.2, double top, historical sellers) and on rallies the price could drop from the zone too. First target is 1.2715 and if momentum persists we could see 1.2634. Have in mind that breakaway gap is tricky and that we might not even see the close of the gap before W H3 -1.2820 is again broken to the upside.\n<\/p>\n

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

\n\tConnect with Nenad Kerkez T<\/a> on Facebook for latest market updates.\n<\/p>\n

\n\tM L3 – Monthly Camarilla Pivot (Monthly Interim Support)\n<\/p>

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\n\tW L3 – Weekly Camarilla Pivot (Weekly Interim Support)\n<\/p>\n

\n\tW H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)\n<\/p>\n

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\n\t\"MT4<\/a>\n<\/p>\n

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

Source: GBP\/USD Possible Breakaway Gap<\/a><\/p>\n

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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 GBP\/USD had sharpely fell when its was announced that UK Prime Minister May’s gambit didn’t go as planned. The result of UK Snap election created a sell-off in the GBP and at this point we can see that GBP is sold on rallies. The current price structure along with the camarilla […]<\/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-107254","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/107254","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=107254"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/107254\/revisions"}],"predecessor-version":[{"id":107255,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/107254\/revisions\/107255"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=107254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=107254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=107254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}