{"id":89970,"date":"2016-05-19T05:49:12","date_gmt":"2016-05-19T09:49:12","guid":{"rendered":"http:\/\/countingpips.com\/?p=89970"},"modified":"2016-05-19T05:49:12","modified_gmt":"2016-05-19T09:49:12","slug":"gbpusd-strong-upside-intact","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/gbpusd-strong-upside-intact\/","title":{"rendered":"GBPUSD strong upside intact"},"content":{"rendered":"<div id=\"inves-2152223128\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 19, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Admiral Markets<\/b><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/fxmedia.s3.amazonaws.com\/articles\/2016-05-19_11-12-34.jpg\"><\/p>\n<p>Fears of Brexit have diminished at least for the time being as latest polls suggest that pro EU option leads by 10 % (55 % vs 45 %). Additionally very good <a href=\"http:\/\/www.admiralmarkets.com\/analytics\/forex-calendar\" target=\"_blank\">data <\/a>for Average Earnings Index and Claimant Count Change has spurred additional bullish momentum where the GBPUSD reached 1.4660 resistance.<\/p>\n<p>Technically we can see rising MACD, and confluence within first POC that is 1.4600 zone (pennant breakout , 23.6, round number ) and traders should watch for a possible bounce at the zone.<\/p>\n<p>POC2 is 1.4520-35 zone where we see a confluence &#8211; DPP, L3, 50. Below is a strong support 1.4500 with 61.8 and EMA89.  If we see another rejection targets should be 1.4660 and only on 1h momentum break or 4h candle close above H4 cam pivot &#8211; 1.4725 we could see 1.4830.<\/p>\n<p>1.4500 should stay firm else the pair is back in a range with a downtrend potential.<\/p>\n<p>Follow <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TarantulaFX\" target=\"_blank\">@TarantulaFX<\/a> on twitter for latest market updates<\/p><div id=\"inves-3545947478\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p><b>Article by Admiral Markets<\/b><\/p>\n<p>Source: <a href=\"http:\/\/www.admiralmarkets.com\/analytics\/technical-analysis\/gbpusd-strong-upside-intact\" target=\"_blank\">GBPUSD strong upside intact<\/a><\/p>\n<hr style=\"border: 1px dotted #eee;\"><a href=\"http:\/\/www.admiralmarkets.com\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2016\/03\/AdmiralMarkets-sig-1.png\" align=\"left\" height=\"87\" width=\"141\"><\/a><\/p>\n<p style=\"text-align: justify;\">Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Admiral Markets Fears of Brexit have diminished at least for the time being as latest polls suggest that pro EU option leads by 10 % (55 % vs 45 %). Additionally very good data for Average Earnings Index and Claimant Count Change has spurred additional bullish momentum where the GBPUSD reached 1.4660 resistance. Technically [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-89970","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89970","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=89970"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89970\/revisions"}],"predecessor-version":[{"id":89971,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89970\/revisions\/89971"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}