{"id":17499,"date":"2011-01-04T08:45:50","date_gmt":"2011-01-04T13:45:50","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17499"},"modified":"2011-01-04T08:45:50","modified_gmt":"2011-01-04T13:45:50","slug":"gbpusd-reaches-short-term-resistance","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/04\/gbpusd-reaches-short-term-resistance\/","title":{"rendered":"GBP\/USD Reaches Short Term Resistance"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong><\/p>\n<p>The <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/01\/04\/gbpusd-%e2%80%93-bias-to-the-downside\/\">GBP\/USD <\/a>has risen in early trading to a resistance line that may contain the pair for the rest of the trading day.<\/p>\n<p>As the Cable rises, it has run into a  resistance level at 1.5650. Traders may be able to use this as an entry  point to short the pair with a first target at the short term support  level at 1.5540 followed by the December low at 1.5340.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/10\/13\/gbpusd-%e2%80%93-negative-divergence-shows-weakening-trend\/\">Further resistance <\/a>may be found at the falling trend line from the November high which comes in today at 1.5700.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/01\/GBPUSD-Daily.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/01\/GBPUSD-Daily.JPG\" alt=\"\" width=\"590\" height=\"609\" \/><\/a><\/p>\n<p><span style=\"text-decoration: underline;\"><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><\/span><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/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>The GBP\/USD has risen in early trading to a resistance line that may contain the pair for the rest of the trading day. As the Cable rises, it has run into a resistance level at 1.5650. <\/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-17499","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17499","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=17499"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17499\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}