{"id":166946,"date":"2020-03-20T09:00:52","date_gmt":"2020-03-20T13:00:52","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=166946"},"modified":"2020-03-20T07:16:34","modified_gmt":"2020-03-20T11:16:34","slug":"gbpusd-rebounds-on-boe-rate-cut","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/gbpusd-rebounds-on-boe-rate-cut\/","title":{"rendered":"GBPUSD Rebounds On BoE Rate Cut"},"content":{"rendered":"<div id=\"inves-706898147\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 20, 2020<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <\/strong><a href=\"https:\/\/www.orbex.com\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Orbex<\/strong><\/a><\/p>\n<p><a href=\"https:\/\/www.countingpips.com\/wp-content\/uploads\/2020\/03\/GBPUSD-2003-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-166961\" src=\"https:\/\/www.countingpips.com\/wp-content\/uploads\/2020\/03\/GBPUSD-2003-1.png\" alt=\"\" width=\"1331\" height=\"635\" srcset=\"https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2020\/03\/GBPUSD-2003-1.png 1331w, https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2020\/03\/GBPUSD-2003-1-160x76.png 160w, https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2020\/03\/GBPUSD-2003-1-1024x489.png 1024w, https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2020\/03\/GBPUSD-2003-1-150x72.png 150w, https:\/\/www.investmacro.com\/forex\/wp-content\/uploads\/2020\/03\/GBPUSD-2003-1-768x366.png 768w\" sizes=\"auto, (max-width: 1331px) 100vw, 1331px\" \/><\/a><\/p>\n<p>The Bank of England cut interest rates in a move to combat\u00a0<a href=\"https:\/\/www.orbex.com\/blog\/en\/2020\/03\/can-the-banks-save-us-from-coronavirus\" target=\"_blank\" rel=\"noopener noreferrer\">the coronavirus pandemic.<\/a><\/p>\n<p>GBPUSD price action is rebounding off the 1.4898 level. If this bottom forms, we expect the upside near 1.2000 to be tested in the near term.<\/p>\n<p>The Stochastics oscillator remains at the oversold level for the moment, so we could see some consolidation to continue.<\/p>\n<p><strong>By <\/strong><a href=\"https:\/\/www.orbex.com\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Orbex<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Orbex The Bank of England cut interest rates in a move to combat\u00a0the coronavirus pandemic. GBPUSD price action is rebounding off the 1.4898 level. If this bottom forms, we expect the upside near 1.2000 to be tested in the near term. The Stochastics oscillator remains at the oversold level for the moment, so we [&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-166946","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166946","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=166946"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166946\/revisions"}],"predecessor-version":[{"id":166963,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166946\/revisions\/166963"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=166946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=166946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=166946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}