{"id":14313,"date":"2010-10-22T09:14:59","date_gmt":"2010-10-22T13:14:59","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14313"},"modified":"2010-10-22T09:14:59","modified_gmt":"2010-10-22T13:14:59","slug":"gbpjpy-downtrend-might-be-at-its-end","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/22\/gbpjpy-downtrend-might-be-at-its-end\/","title":{"rendered":"GBP\/JPY Downtrend might be at Its End"},"content":{"rendered":"<p><strong>By Anton Eljwizat <\/strong>&#8211; The GBP has dropped significantly versus the JPY in the past 2  months, and it is currently traded around 127.40. And now as evident in  the data below, the daily chart is giving bullish signals, indicating  that <a href=\"http:\/\/www.forexyard.com\/en\/trading\/gbp-jpy\">GBP\/JPY <\/a>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 daily chart of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/gbp-jpy\">GBP\/JPY <\/a>currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the William Percent Range, <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Slow Stochastic <\/a>and <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">Relative Strength Index (RSI).<\/a><\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick that has formed on the chart, indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">The Slow Stochastic <\/a>indicates an impending bullish cross, signaling that the next move may be in an upward direction.<\/p>\n<p>\u2022\tPoint 3: <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">The Relative Strength Index (RSI)<\/a> indicates that the price of this cross currently floats in the oversold territory, signaling upward pressure.<\/p>\n<p>\u2022\tPoint 4: The Williams Percent Range has peaked near at the -100  marker, which means that there may actually be a strong level of upward  pressure.<\/p>\n<p>GBP\/JPY Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/10\/GBP-JPY-22-10-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/10\/GBP-JPY-22-10-2010.JPG\" alt=\"\" width=\"510\" height=\"615\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/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 JPY in the past 2 months, and it is currently traded around 127.40. And now as evident in the data below, the daily chart is giving bullish signals, indicating that GBP\/JPY pair might go up. Forex traders can take advantage of this impending movement &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/10\/22\/gbpjpy-downtrend-might-be-at-its-end\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GBP\/JPY Downtrend might be at Its End&#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-14313","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14313","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=14313"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14313\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}