{"id":90773,"date":"2016-06-03T07:12:39","date_gmt":"2016-06-03T11:12:39","guid":{"rendered":"http:\/\/countingpips.com\/?p=90773"},"modified":"2016-06-03T07:12:39","modified_gmt":"2016-06-03T11:12:39","slug":"gbpusd-is-following-a-downtrend-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/gbpusd-is-following-a-downtrend-2\/","title":{"rendered":"GBPUSD is following a downtrend."},"content":{"rendered":"
June 3, 2016<\/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>\n1.1198<\/td>\n1.1246<\/td>\n1.1273<\/td>\n<\/tr>\n
Support<\/td>\n1.1123<\/td>\n1.1096<\/td>\n1.1048<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nEURUSD plunged below the daily pivot in the previous session. Further drop of the market will push prices to find support at 1.1123 and then lower at 1.1096.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA\u00a0higher thrust of the market above the daily pivot at 1.1171 will lift the exchange rate towards 1.1198.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"EURUSDH4\"<\/a><\/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>\n1.4462<\/td>\n1.4503<\/td>\n1.4534<\/td>\n<\/tr>\n
Support<\/td>\n1.4389<\/td>\n1.4358<\/td>\n1.4317<\/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 1.4389 and further down to 1.4358.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nOn the other hand, an upward wave would bring the pair into a correction course, targeting the daily pivot (1.4431) and even higher at 1.4462.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"GBPUSDH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"USDCHF<\/a><\/td>\nUSDCHF<\/td>\nH4<\/td>\n\"up-trend\"<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n0.9922<\/td>\n0.9941<\/td>\n0.9974<\/td>\n<\/tr>\n
Support<\/td>\n0.9870<\/td>\n0.9838<\/td>\n0.9818<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nUSDCHF\u00a0bounced up from the previous bottom and is now trading slightly above the daily pivot point (0.9890). A decisive movement to the north will trigger the market towards 0.9922 and further up to 0.9941.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\n\u00a0A break back below the daily pivot will open the way down to 0.9870.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"USDCHFH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"USDJPY<\/a><\/td>\nUSDJPY<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n108.73<\/td>\n109.13<\/td>\n109.62<\/td>\n<\/tr>\n
Support<\/td>\n108.47<\/td>\n108.10<\/td>\n107.61<\/td>\n<\/tr>\n
Primary Scenario<\/td>\n\u00a0The pair is now testing the key support level at 108.47. Should USDJPY achieve to violate this level, will eye fresh lows down to 108.10 and then lower at 107.61.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAlternatively, a surge of the pair above the hurdle at 108.73 will lift the currency pair towards 109.13.<\/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\"up-trend\"<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n0.7264<\/td>\n0.7300<\/td>\n0.7331<\/td>\n<\/tr>\n
Support<\/td>\n0.7196<\/td>\n0.7164<\/td>\n0.7128<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAUDUSD\u00a0is\u00a0oscillating around the daily pivot point (0.7232). If the pair manages to withstand the sellers\u2019 pressure, the next resistance is seen at 0.7264 and further up to 0.7300.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA comeback of the market below the daily pivot will push the pair to target the\u00a0support at 0.7196.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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 1.1198 1.1246 1.1273 Support 1.1123 1.1096 1.1048 Primary Scenario EURUSD plunged below the daily pivot in the previous session. Further drop of the market will push prices to find support at 1.1123 and then lower at 1.1096. Alternative Scenario A\u00a0higher thrust of the market above the daily pivot at […]<\/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-90773","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90773","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=90773"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90773\/revisions"}],"predecessor-version":[{"id":90787,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90773\/revisions\/90787"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=90773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=90773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=90773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}