{"id":97574,"date":"2016-11-01T07:33:07","date_gmt":"2016-11-01T11:33:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=97574"},"modified":"2016-11-01T07:33:07","modified_gmt":"2016-11-01T11:33:07","slug":"gbpusd-moved-sideways-between-1-2082-and-1-2332","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/11\/gbpusd-moved-sideways-between-1-2082-and-1-2332\/","title":{"rendered":"GBPUSD moved sideways between 1.2082 and 1.2332"},"content":{"rendered":"<div id=\"inves-3296328031\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 1, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>GBPUSD moved sideways in a narrow range between 1.2082 and 1.2332 for several weeks. The sideways movement is likely consolidation of the downtrend from 1.3445 (Sept 6 high). As long as the downward trend line resistance holds, the downtrend could be expected to resume, and further decline to 1.1500 area is still possible. Support is at 1.2082, a breakdown below this level will signal resumption of the downtrend. Near term resistance is at 1.2332, a break of this level could bring price to test the trend line resistance.<\/p>\n<div><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexcycle.com\/archive2016\/20161101_GBPUSD_1.png\" alt=\"gbpusd chart\" width=\"400\" height=\"300\" border=\"0\" \/><\/div>\n<p>By <a href=\"http:\/\/ForexCycle.com\" target=\"_blank\">ForexCycle.com<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBPUSD moved sideways in a narrow range between 1.2082 and 1.2332 for several weeks. The sideways movement is likely consolidation of the downtrend from 1.3445 (Sept 6 high). As long as the downward trend line resistance holds, the downtrend could be expected to resume, and further decline to 1.1500 area is still possible. Support is [&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-97574","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97574","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=97574"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97574\/revisions"}],"predecessor-version":[{"id":97608,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97574\/revisions\/97608"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=97574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=97574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=97574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}