{"id":77704,"date":"2015-09-02T01:35:07","date_gmt":"2015-09-02T05:35:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=77704"},"modified":"2015-09-02T07:38:30","modified_gmt":"2015-09-02T11:38:30","slug":"gbpusd-is-following-a-downtrend","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/09\/gbpusd-is-following-a-downtrend\/","title":{"rendered":"GBPUSD is following a downtrend."},"content":{"rendered":"
September 2, 2015<\/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>\n1.1361<\/td>\n1.1409<\/td>\n1.1486<\/td>\n<\/tr>\n
Support<\/td>\n1.1237<\/td>\n1.1160<\/td>\n1.1112<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nEURUSD\u00a0is trading slightly below the daily pivot point at 1.1284. A \u00a0plunge of the market will push prices lower towards the support level at 1.1237 and further down to 1.1160.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAn upward wave would lift the exchange rate above the daily pivot and then higher up to the resistance level at 1.1361.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"EURUSDH4\"<\/a><\/p>\n

 <\/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>\n1.5373<\/td>\n1.5445<\/td>\n1.5482<\/td>\n<\/tr>\n
Support<\/td>\n1.5265<\/td>\n1.5227<\/td>\n1.5156<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nThe pair is following a downtrend. If GBPUSD manages to extend its bearish momentum, the next support is seen at 1.5265 and even lower at 1.5227.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA higher thrust of the currency pair will lead the market to penetrate the daily pivot, leading the way up to 1.5373.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"GBPUSDH4\"<\/a><\/p>\n

 <\/p>\n\n\n\n\n\n\n\n
\"USDCHF<\/a><\/td>\nUSDCHF<\/td>\nH4<\/td>\n\"Up<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n0.9650<\/td>\n0.9714<\/td>\n0.9755<\/td>\n<\/tr>\n
Support<\/td>\n0.9544<\/td>\n0.9504<\/td>\n0.9439<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nUSDCHF\u00a0is\u00a0gyrating the daily pivot at 0.9609. A decisive movement to the north will most likely trigger the market to retest the hurdle at 0.9650. A successful penetration of this level will push the \u00a0pair to target the forthcoming resistance at 0.9714.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nOn the other hand, should the pair achieve to violate the daily pivot point, it will find support at 0.9544.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"USDCHFH4\"<\/a><\/p>\n

 <\/p>\n\n\n\n\n\n\n\n
\"USDJPY<\/a><\/td>\nUSDJPY<\/td>\nH4<\/td>\n\"Up<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n120.36<\/td>\n121.07<\/td>\n121.42<\/td>\n<\/tr>\n
Support<\/td>\n120.02<\/td>\n119.59<\/td>\n119.22<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nThe\u00a0USDJPY pair is negotiating below the upper level of the Kumo. If the pair manages to withstand the sellers\u2019 pressure, it will exceed this level (120.36), targeting the resistance level at 121.07.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAlternatively, a break back below the support at 120.02 will pave the way down to 119.59.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"USDJPYH4\"<\/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>\n0.7106<\/td>\n0.7199<\/td>\n0.7245<\/td>\n<\/tr>\n
Support<\/td>\n0.6966<\/td>\n0.6920<\/td>\n0.6827<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAUDUSD\u00a0has finally managed to violate the key support level at 0.7059 (daily pivot). Further drop of the market will push prices to retest the support at 0.6966. Next support level lies ahead at 0.6920.<\/td>\n<\/tr>\n
Alternative Scenario.<\/td>\n\u00a0A surge of the exchange rate above the daily pivot will fuel the pair to target the resistance level at 0.7106.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\"AUDUSDH4\"<\/a><\/p>\n

 <\/p>\n

\n

\"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","protected":false},"excerpt":{"rendered":"

Article by ForexTime EURUSD H4 Resistance 1.1361 1.1409 1.1486 Support 1.1237 1.1160 1.1112 Primary Scenario EURUSD\u00a0is trading slightly below the daily pivot point at 1.1284. A \u00a0plunge of the market will push prices lower towards the support level at 1.1237 and further down to 1.1160. Alternative Scenario An upward wave would lift the exchange rate […]<\/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-77704","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/77704","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=77704"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/77704\/revisions"}],"predecessor-version":[{"id":77718,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/77704\/revisions\/77718"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=77704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=77704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=77704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}