{"id":18039,"date":"2011-01-13T08:39:30","date_gmt":"2011-01-13T13:39:30","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=18039"},"modified":"2011-01-13T08:39:30","modified_gmt":"2011-01-13T13:39:30","slug":"gbpjpy-expected-to-go-bearish","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/13\/gbpjpy-expected-to-go-bearish\/","title":{"rendered":"GBP\/JPY Expected to go Bearish"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong><\/p>\n<p>The volatile of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/gbp-jpy\">GBP\/JPY <\/a>pair  continues to be affected by the volatile forex market. The last two  weeks has seen a lot of bullish strength in the GBP\/JPY pair. However,  it seems that the pair\u2019s bullish run may have run out of steam, and a  bearish correction could be underway soon, as a bearish cross has taken  place on the <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Slow Stochastic<\/a>. In addition, the <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">Relative Strength Index <\/a>indicates  that the price of this cross currently floats in the overbought  territory, signaling downward pressure. This might be a good opportunity  for forex traders to enter the trend at a very early stage and at a  great entry price.<\/p>\n<p>The next support level is located at the 130.30 level.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/01\/GBP-JPY-13-1-2011.JPG\" alt=\"GBP-JPY 13-1-2011\" width=\"565\" height=\"650\" \/><\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><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 volatile of the GBP\/JPY pair continues to be affected by the volatile forex market. The last two weeks has seen a lot of bullish strength in the GBP\/JPY pair. However, it seems that the pair\u2019s bullish run may have run out of steam&#8230;<\/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-18039","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18039","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=18039"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18039\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=18039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=18039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=18039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}