{"id":170185,"date":"2020-05-08T08:00:42","date_gmt":"2020-05-08T12:00:42","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170185"},"modified":"2020-05-08T05:19:30","modified_gmt":"2020-05-08T09:19:30","slug":"gbpusd-completes-the-head-and-shoulder-target","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/gbpusd-completes-the-head-and-shoulder-target\/","title":{"rendered":"GBPUSD Completes The Head And Shoulder Target"},"content":{"rendered":"
May 8, 2020<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

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The British pound completed the downside target of the head and shoulders pattern.<\/p>\n

Price briefly tested the lower range level of 1.2277 before pulling back slightly.<\/p>\n

We expect a more firm test of this level in the near term. The overall consolidation, however, is putting pressure on the downside.<\/p>\n

Therefore, in the event that prices breakdown below this level, we could expect strong moves lower.<\/p>\n

To the upside, the recently breached neckline support at 1.2423 will be testing for resistance once again.<\/p>

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<\/div>\n

By <\/strong>Orbex<\/strong><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Orbex The British pound completed the downside target of the head and shoulders pattern. Price briefly tested the lower range level of 1.2277 before pulling back slightly. We expect a more firm test of this level in the near term. The overall consolidation, however, is putting pressure on the downside. Therefore, in the event […]<\/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-170185","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170185","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=170185"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170185\/revisions"}],"predecessor-version":[{"id":170209,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170185\/revisions\/170209"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}