{"id":107509,"date":"2017-06-16T06:25:23","date_gmt":"2017-06-16T10:25:23","guid":{"rendered":"http:\/\/countingpips.com\/?p=107509"},"modified":"2017-06-16T06:25:23","modified_gmt":"2017-06-16T10:25:23","slug":"gbpusd-remains-in-the-downtrend-from-1-3047","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/06\/gbpusd-remains-in-the-downtrend-from-1-3047\/","title":{"rendered":"GBPUSD remains in the downtrend from 1.3047"},"content":{"rendered":"<div id=\"inves-962741739\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 16, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div class=\"entry-content\">\n<p>GBPUSD remains in the downtrend from 1.3047, the bounce from 1.2634 could be treated as consolidation of the downtrend. Range trading between 1.2634 and 1.2850 would likely be seen in a couple of days. As long as 1.2850 resistance holds, the downtrend could be expected to resume and another fall towards 1.2500 is possible after the consolidation. On the upside, a break of 1.2850 resistance will indicate that the downtrend had completed at 1.2634 already, this could trigger another bullish move towards 1.3280.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-112154\" src=\"http:\/\/www.forexcycle.com\/wp-content\/uploads\/2017\/20170616_GBPUSD_1.png\" alt=\"GBPUSD 4-hour chart\" width=\"500\" height=\"300\" \/><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p>By <a href=\"http:\/\/ForexCycle.com\" target=\"_blank\" rel=\"noopener\">ForexCycle.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBPUSD remains in the downtrend from 1.3047, the bounce from 1.2634 could be treated as consolidation of the downtrend. Range trading between 1.2634 and 1.2850 would likely be seen in a couple of days. As long as 1.2850 resistance holds, the downtrend could be expected to resume and another fall towards 1.2500 is possible after [&hellip;]<\/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-107509","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/107509","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=107509"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/107509\/revisions"}],"predecessor-version":[{"id":107515,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/107509\/revisions\/107515"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=107509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=107509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=107509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}