{"id":65891,"date":"2014-12-31T01:28:14","date_gmt":"2014-12-31T06:28:14","guid":{"rendered":"http:\/\/countingpips.com\/?p=65891"},"modified":"2014-12-31T04:28:48","modified_gmt":"2014-12-31T09:28:48","slug":"gbpusd-bounced-up-from-the-previous-low-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/12\/gbpusd-bounced-up-from-the-previous-low-2\/","title":{"rendered":"GBPUSD bounced up from the previous low."},"content":{"rendered":"<div id=\"inves-1276208071\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 31, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<table class=\"technical-analysis\">\n<tbody>\n<tr>\n<td><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/eurusd-technical-analysis.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-763\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/eurusd-technical-analysis.jpg\" alt=\"EURUSD Technical Analysis\" width=\"61\" height=\"20\" \/><\/a><\/td>\n<td class=\"title currency-pair\">EURUSD<\/td>\n<td class=\"title interval\">H4<\/td>\n<td><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-766\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/up-trend1.jpg\" alt=\"Up Trend\" width=\"17\" height=\"20\" \/><\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Resistance<\/td>\n<td class=\"resistance\">1.2187<\/td>\n<td class=\"resistance\">1.2218<\/td>\n<td class=\"resistance\">1.2251<\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Support<\/td>\n<td class=\"support\">1.2124<\/td>\n<td class=\"support\">1.2091<\/td>\n<td class=\"support\">1.2060<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Primary Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">EURUSD is oscillating around the daily pivot at 1.2155. A sustained trading above this level will lift the pair to reach the resistance level at 1.2187 and then higher at 1.2218.<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Alternative Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">A failed attempt to move higher will push prices below the daily pivot and even lower at 1.2124.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/12\/EURUSDH421.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-5507\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/12\/EURUSDH421-300x150.png\" alt=\"EURUSDH4\" width=\"300\" height=\"150\" \/><\/a><\/p>\n<table class=\"technical-analysis\">\n<tbody>\n<tr>\n<td><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/gbpusd-technical-analysis.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-777\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/gbpusd-technical-analysis.jpg\" alt=\"GBPUSD Technical Analysis\" width=\"64\" height=\"20\" \/><\/a><\/td>\n<td class=\"title currency-pair\">GBPUSD<\/td>\n<td class=\"title interval\">H4<\/td>\n<td><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-766\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/up-trend1.jpg\" alt=\"Up Trend\" width=\"17\" height=\"20\" \/><\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Resistance<\/td>\n<td class=\"resistance\">1.5588<\/td>\n<td class=\"resistance\">1.5617<\/td>\n<td class=\"resistance\">1.5661<\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Support<\/td>\n<td class=\"support\">1.5515<\/td>\n<td class=\"support\">1.5471<\/td>\n<td class=\"support\">1.5443<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Primary Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">The pair bounced up from the previous bottom and is now poised to test the resistance at 1.5588. If GBPUSD manages to withstand the sellers\u2019 pressure, it will climb towards the resistance level at 1.5588 and further up at 1.5617.<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Alternative Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">A reversal back below the daily pivot (1.5544) will push the pair to find support at 1.5515.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/12\/GBPUSDH421.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-5508\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/12\/GBPUSDH421-300x150.png\" alt=\"GBPUSDH4\" width=\"300\" height=\"150\" \/><\/a><\/p>\n<table class=\"technical-analysis\">\n<tbody>\n<tr>\n<td><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/usdchf-technical-analysis.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-779\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/usdchf-technical-analysis.jpg\" alt=\"USDCHF Technical Analysis\" width=\"63\" height=\"20\" \/><\/a><\/td>\n<td class=\"title currency-pair\">USDCHF<\/td>\n<td class=\"title interval\">H4<\/td>\n<td><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-766\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/up-trend1.jpg\" alt=\"Up Trend\" width=\"17\" height=\"20\" \/><\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Resistance<\/td>\n<td class=\"resistance\">0.9914<\/td>\n<td class=\"resistance\">0.9942<\/td>\n<td class=\"resistance\">0.9966<\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Support<\/td>\n<td class=\"support\">0.9862<\/td>\n<td class=\"support\">0.9839<\/td>\n<td class=\"support\">0.9810<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Primary Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">USDCHF is currently gyrating the daily pivot at 0.9890. A decisive movement to the north will trigger the market to retest the hurdle at 0.9914. The next resistance is seen at 0.9942.<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Alternative Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">A plunge of the exchange rate below the daily pivot, will most likely open the way down to the support level at 0.9862.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/12\/USDCHFH421.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-5509\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/12\/USDCHFH421-300x150.png\" alt=\"USDCHFH4\" width=\"300\" height=\"150\" \/><\/a><\/p>\n<table class=\"technical-analysis\">\n<tbody>\n<tr>\n<td><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/usdjpy-technical-analysis.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-781\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/usdjpy-technical-analysis.jpg\" alt=\"USDJPY Technical Analysis\" width=\"59\" height=\"20\" \/><\/a><\/td>\n<td class=\"title currency-pair\">USDJPY<\/td>\n<td class=\"title interval\">H4<\/td>\n<td><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-766\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/up-trend1.jpg\" alt=\"Up Trend\" width=\"17\" height=\"20\" \/><\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Resistance<\/td>\n<td class=\"resistance\">119.76<\/td>\n<td class=\"resistance\">120.21<\/td>\n<td class=\"resistance\">120.81<\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Support<\/td>\n<td class=\"support\">119.25<\/td>\n<td class=\"support\">118.85<\/td>\n<td class=\"support\">118.25<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Primary Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">The upper level of the cloud has been reached yesterday, but the bullish sentiment is still in force. An upward wave would generate strength for the market to penetrate the hurdle at 119.76, targeting the forthcoming resistance at 120.21.<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Alternative Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">Should USDJPY manage to breach the support at 119.25, it will find support at 118.85.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/12\/USDJPYH421.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-5505\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/12\/USDJPYH421-300x150.png\" alt=\"USDJPYH4\" width=\"300\" height=\"150\" \/><\/a><\/p>\n<table class=\"technical-analysis\">\n<tbody>\n<tr>\n<td><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/audusd-technical-analysis.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-782\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/audusd-technical-analysis.jpg\" alt=\"AUDUSD Technical Analysi\" width=\"81\" height=\"20\" \/><\/a><\/td>\n<td class=\"title currency-pair\">AUDUSD<\/td>\n<td class=\"title interval\">H4<\/td>\n<td><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-766\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/03\/up-trend1.jpg\" alt=\"Up Trend\" width=\"17\" height=\"20\" \/><\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Resistance<\/td>\n<td class=\"resistance\">0.8215<\/td>\n<td class=\"resistance\">0.8249<\/td>\n<td class=\"resistance\">0.8297<\/td>\n<\/tr>\n<tr>\n<td class=\"title\">Support<\/td>\n<td class=\"support\">0.8134<\/td>\n<td class=\"support\">0.8087<\/td>\n<td class=\"support\">0.8053<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Primary Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">AUDUSD has tested twice the hurdle at 0.8215 in the today\u2019s session. Any purposeful movement upwards to exceed this level, it will fuel the pair further towards the resistance level at 0.8249.<\/td>\n<\/tr>\n<tr>\n<td class=\"tbd title\">Alternative Scenario<\/td>\n<td class=\"commentary\" colspan=\"3\">A drop of the currency \u00a0pair below the daily pivot (0.8168), will see the support level \u00a0at 0.8134.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/12\/AUDUSDH421.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-5506\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2014\/12\/AUDUSDH421-300x150.png\" alt=\"AUDUSDH4\" width=\"300\" height=\"150\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime EURUSD H4 Resistance 1.2187 1.2218 1.2251 Support 1.2124 1.2091 1.2060 Primary Scenario EURUSD is oscillating around the daily pivot at 1.2155. A sustained trading above this level will lift the pair to reach the resistance level at 1.2187 and then higher at 1.2218. Alternative Scenario A failed attempt to move higher will [&hellip;]<\/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-65891","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/65891","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=65891"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/65891\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=65891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=65891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=65891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}