{"id":59734,"date":"2014-09-03T01:42:25","date_gmt":"2014-09-03T05:42:25","guid":{"rendered":"http:\/\/countingpips.com\/?p=59734"},"modified":"2014-09-03T06:27:23","modified_gmt":"2014-09-03T10:27:23","slug":"gbpusd-is-following-a-downtrend-course","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/gbpusd-is-following-a-downtrend-course\/","title":{"rendered":"GBPUSD is following a downtrend course."},"content":{"rendered":"
September 3, 2014<\/div>
\r\n<\/div><\/div>

Article by ForexTime<\/a><\/p>\n\n\n\n\n\n\n\n
\"EURUSD<\/a><\/td>\nEURUSD<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n1.3142<\/td>\n1.3152<\/td>\n1.3168<\/td>\n<\/tr>\n
Support<\/td>\n1.3115<\/td>\n1.3099<\/td>\n1.3089<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nThe pair has been trapped between the barriers at 1.3115 and 1.3142. Any decisive movement downwards, will push prices to violate the support level at 1.3115, targeting the next support at 1.3099.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA higher thrust of the market will lead EURUSD to penetrate the daily pivot at 1.3125 and then higher to 1.3142.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"EURUSD\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"GBPUSD<\/a><\/td>\nGBPUSD<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n1.6565<\/td>\n1.6663<\/td>\n1.6712<\/td>\n<\/tr>\n
Support<\/td>\n1.6418<\/td>\n1.6369<\/td>\n1.6272<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nGBPUSD is following a downtrend course. Should the pair manage to breach the support at 1.6418, it will move lower to meet the next target at 1.6369.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA surge of the exchange rate, will put pressure for the market to climb towards the daily pivot at 1.6516. Bear in mind that RSI oscillator is trading within an oversold area.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"GBPUSD\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"USDCHF<\/a><\/td>\nUSDCHF<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n0.9204<\/td>\n0.9220<\/td>\n0.9228<\/td>\n<\/tr>\n
Support<\/td>\n0.9180<\/td>\n0.9172<\/td>\n0.9156<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nHaving reversed from the previous peak, USDCHF is now negotiating below the daily pivot (0.9196). A sustained trading below this level, implies bearish outlook and the next supports are seen at 0.9180 and 0.9172.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nIf the pair manages to withstand the bears\u2019 pressure, it will exceed the daily pivot and will retest the hurdle at 0.9204.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"USDCHF\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"USDJPY<\/a><\/td>\nUSDJPY<\/td>\nH4<\/td>\n\"Up<\/td>\n<\/tr>\n
Resistance<\/td>\n105.41<\/td>\n106.07<\/td>\n106.54<\/td>\n<\/tr>\n
Support<\/td>\n104.78<\/td>\n104.43<\/td>\n103.92<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nUSDJPY proceeded to a fresh high at 105.30. If the pair achieves to extend its uptrend, it will fuel the rate further towards the Fibonacci resistance level 161.8% at 105.41 and even higher at 106.07.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA fruitless attempt to move higher, will bring the market into a correction phase. The forthcoming supports are 104.78 (Tenkan-sen) and 104.43 (Kijun-sen). RSI supports this scenario.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"USDJPY\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"AUDUSD<\/a><\/td>\nAUDUSD<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n0.9316<\/td>\n0.9359<\/td>\n0.9384<\/td>\n<\/tr>\n
Support<\/td>\n0.9248<\/td>\n0.9224<\/td>\n0.9180<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAUDUSD is trading narrowly below the daily pivot at 0.9292. An impulsive movement downwards will trigger the market to find support at 0.9248 and then lower to 0.9224.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nIf the pair manage to cross above the daily pivot, it will hit the resistance level at 0.9316 and even higher at 0.9359.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"AUDUSD\"<\/a><\/p>\n

 <\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

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

Article by ForexTime EURUSD H4 Resistance 1.3142 1.3152 1.3168 Support 1.3115 1.3099 1.3089 Primary Scenario The pair has been trapped between the barriers at 1.3115 and 1.3142. Any decisive movement downwards, will push prices to violate the support level at 1.3115, targeting the next support at 1.3099. Alternative Scenario A higher thrust of the market […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-59734","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59734","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=59734"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59734\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=59734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=59734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=59734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}