{"id":76214,"date":"2015-08-03T04:59:53","date_gmt":"2015-08-03T08:59:53","guid":{"rendered":"http:\/\/countingpips.com\/?p=76214"},"modified":"2015-08-03T07:28:09","modified_gmt":"2015-08-03T11:28:09","slug":"gbpusd-forex-technical-analysis-august-03-2015","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/08\/gbpusd-forex-technical-analysis-august-03-2015\/","title":{"rendered":"GBPUSD: Forex Technical Analysis August 03, 2015"},"content":{"rendered":"<div id=\"inves-1375627277\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 3, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p>Manufacturing Indexes<\/p>\n<p>On Monday (10:30 CET and 16:30 CET) two macroeconomic indicators are going to be released: Manufacturing Indexes in Great Britain and US correspondingly. These diffusion indexes are based on surveyed purchasing managers in the manufacturing industry. They tend to represent a long-term data on business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. We suppose that a consequent release of monthly indexes may provoke a long term volatility of <a href=\"http:\/\/www.ifcmarkets.com\/en\/market-data\/gbpusd\">GBP\/USD currency pair<\/a>. For now futures and options <a href=\"http:\/\/www.cmegroup.com\/trading\/fx\/g10\/british-pound_quotes_volume_voi.html\">trading volumes<\/a> approach resistance of 80,000 claims. Conservative traders may wait for the breakdown of this mark while looking for a new entrance point.<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" style=\"float: none;\" src=\"http:\/\/www.ifcmarkets.com\/uploads\/images\/TA-03-08-2015.png\" alt=\"gbp-usd-technical-analysis-chart-03-august\" width=\"400px\" \/><\/p>\n<p>Price has approached triple top at 1.57036 mark &#8211; an upper side of a triangular zone. Its movement continuation is probably defined by bullish sentiments in frame of a rising trend. We may look for this breakdown while opening long positions. It should be remarked that a trend line is verified by ParabolicSAR and Donchian Channel lower boundary. So we may use the current fractal support for the risk limitation. RSI-Bars oscillator confirms the global upward tendency. However a price breakdown may be strengthened by crossing of oscillator resistance mark of 57%.<\/p>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Manufacturing Indexes On Monday (10:30 CET and 16:30 CET) two macroeconomic indicators are going to be released: Manufacturing Indexes in Great Britain and US correspondingly. These diffusion indexes are based on surveyed purchasing managers in the manufacturing industry. They tend to represent a long-term data on business conditions including employment, production, new orders, [&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-76214","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76214","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=76214"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76214\/revisions"}],"predecessor-version":[{"id":76226,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/76214\/revisions\/76226"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=76214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=76214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=76214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}