{"id":78048,"date":"2015-09-10T01:42:29","date_gmt":"2015-09-10T05:42:29","guid":{"rendered":"http:\/\/countingpips.com\/?p=78048"},"modified":"2015-09-10T07:41:07","modified_gmt":"2015-09-10T11:41:07","slug":"gbpusd-is-following-a-correction-course","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/09\/gbpusd-is-following-a-correction-course\/","title":{"rendered":"GBPUSD is following a correction course."},"content":{"rendered":"
September 10, 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\"Up<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n1.1236<\/td>\n1.1268<\/td>\n1.1321<\/td>\n<\/tr>\n
Support<\/td>\n1.1152<\/td>\n1.1099<\/td>\n1.1068<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nEURUSD\u00a0is now\u00a0poised to penetrate the hurdle in line at 1.1236. If that happens, the currency pair will most likely attempt to target the resistance level at 1.1268.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA comeback of the market will push prices to find support at the daily pivot point at 1.1184.<\/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>\n1.5396<\/td>\n1.5427<\/td>\n1.5451<\/td>\n<\/tr>\n
Support<\/td>\n1.5342<\/td>\n1.5318<\/td>\n1.5287<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nThe pair is following a correction course. A deeper correction of GBPUSD would lead the market to breach the support level at 1.5342, with immediate target the forthcoming level at 1.5318.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAn upward wave will lift the exchange rate towards the daily pivot (1.5372) and even higher at 1.5396.<\/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>\n0.9811<\/td>\n0.9871<\/td>\n0.9919<\/td>\n<\/tr>\n
Support<\/td>\n0.9703<\/td>\n0.9654<\/td>\n0.9595<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nUSDCHF\u00a0is gyrating the daily pivot at 0.9763. A decisive movement to the north will trigger the market to climb towards the resistance levels at 0.9811 and 0.9871.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA\u00a0break back below the daily pivot will push prices to find support at 0.9703.<\/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>\n120.79<\/td>\n121.28<\/td>\n121.77<\/td>\n<\/tr>\n
Support<\/td>\n120.52<\/td>\n120.08<\/td>\n119.34<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nThe\u00a0pair intends to retest and surpass the barrier at 120.79. The next resistance is seen at 121.28 and even higher at 121.77.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nOn the other hand, a breach of the Tenkan-sen line at 120.52 will lead the rate down to 120.08.<\/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>\n0.7053<\/td>\n0.7093<\/td>\n0.7117<\/td>\n<\/tr>\n
Support<\/td>\n0.6988<\/td>\n0.6964<\/td>\n0.6923<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAUDUSD\u00a0bottomed at 0.6945, before retracing below the daily pivot zone (0.7029). A forceful attempt to violate the support level at 0.6988 will open the way down to 0.6964 and then lower to 0.6923.<\/td>\n<\/tr>\n
Alternative Scenario.<\/td>\n\u00a0Should the pair manage to exceed the daily pivot, the next resistance is estimated at 0.7053.<\/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 1.1236 1.1268 1.1321 Support 1.1152 1.1099 1.1068 Primary Scenario EURUSD\u00a0is now\u00a0poised to penetrate the hurdle in line at 1.1236. If that happens, the currency pair will most likely attempt to target the resistance level at 1.1268. Alternative Scenario A comeback of the market will push prices to find support […]<\/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-78048","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78048","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=78048"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78048\/revisions"}],"predecessor-version":[{"id":78067,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78048\/revisions\/78067"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=78048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=78048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=78048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}