{"id":10013,"date":"2010-06-07T08:23:51","date_gmt":"2010-06-07T12:23:51","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10013"},"modified":"2010-06-07T08:23:51","modified_gmt":"2010-06-07T12:23:51","slug":"potential-reversal-for-gbpjpy-3","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/07\/potential-reversal-for-gbpjpy-3\/","title":{"rendered":"Potential Reversal for GBP\/JPY"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The GBP has dropped significantly versus the Yen in the past week,  and it is currently traded around 131.55. And now as evident in the data  below, the 4-hour chart is giving bullish signals, indicating that  GBP\/JPY pair might go up. Forex traders can take advantage of this  impending movement by having their Entry Orders in place to capture this  reversal.<\/p>\n<p>\u2022\tBelow is the 4-hour chart of the  GBP\/JPY currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the Relative Strength  Index (RSI), and Slow Stochastic.<\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick formed in the chart,  indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The Slow Stochastic indicates an impending bullish cross,  signaling that the next move may be in an upward direction.<\/p>\n<p>\u2022\tPoint 3: The Relative Strength Index (RSI) indicates that the price  of this cross currently floats in the oversold territory, signaling  upward pressure.<\/p>\n<p>GBP\/JPY 4-Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/GBP-JPY-7-6.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/GBP-JPY-7-6.JPG\" alt=\"\" width=\"473\" height=\"586\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex      Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and      may not be suitable for all investors. There is a possibility that    you   could sustain a loss of all of your investment and therefore you     should  not invest money that you cannot afford to lose. You should  be    aware of  all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; The GBP has dropped significantly versus the Yen in the past week, and it is currently traded around 131.55. And now as evident in the data below, the 4-hour chart is giving bullish signals, indicating that GBP\/JPY pair might go up. Forex traders can take advantage of this impending movement by &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/07\/potential-reversal-for-gbpjpy-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Potential Reversal for GBP\/JPY&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10013","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10013"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10013\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}