{"id":96281,"date":"2016-10-03T07:53:13","date_gmt":"2016-10-03T11:53:13","guid":{"rendered":"http:\/\/countingpips.com\/?p=96281"},"modified":"2016-10-03T07:53:13","modified_gmt":"2016-10-03T11:53:13","slug":"gbpusd-could-possibly-target-1-2796-short-term","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/gbpusd-could-possibly-target-1-2796-short-term\/","title":{"rendered":"GBP\/USD could possibly target 1.2796 short term"},"content":{"rendered":"
October 3, 2016<\/div>
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By Admiral Markets<\/b><\/p>\n

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UK Prime Minister Theresa May said<\/a> the U.K. would begin the formal process of leaving the European Union by the end of March 2017 and the pound was hit hard. Both technically and fundamentally the pair is aligned now and we might see a retest of 1.2796. At this point bears are in full control.<\/p>\n

Bearish channel, inner trend line, 38.2, L3 and multiple rejections at POC 1.2915-30 might reject the price in the case of another retracement and if the pair proceeds below 1.2845 we might see 1.2796. In order to stay bearish short term the GBP\/USD must stay below 1.2950.<\/p>\n

Follow @TarantulaFX<\/a> on twitter for latest market updates<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: GBP\/USD could possibly target 1.2796 short term<\/a><\/p>

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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":"

By Admiral Markets UK Prime Minister Theresa May said the U.K. would begin the formal process of leaving the European Union by the end of March 2017 and the pound was hit hard. Both technically and fundamentally the pair is aligned now and we might see a retest of 1.2796. At this point bears are […]<\/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-96281","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96281","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=96281"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96281\/revisions"}],"predecessor-version":[{"id":96282,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96281\/revisions\/96282"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=96281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=96281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=96281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}