{"id":19025,"date":"2011-02-03T07:50:07","date_gmt":"2011-02-03T12:50:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19025"},"modified":"2011-02-03T07:50:07","modified_gmt":"2011-02-03T12:50:07","slug":"gbpusd-technical-update","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/03\/gbpusd-technical-update\/","title":{"rendered":"GBP\/USD- Technical Update"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong><\/p>\n<p>A bullish movement in <a href=\"http:\/\/www.forexyard.com\/en\/trading\/gbp-usd\">GBP\/USD <\/a>has  pushed a number of technical indicators into the over-bought territory.  As I will demonstrate below, the GBP\/USD may very well be heading for a  reversal, as a bearish cross has taken place on the Slow Stochastic. In  addition, the Relative Strength Index (RSI) indicates that the price of  this cross currently floats in the overbought territory, signaling  downward pressure. Forex traders can take advantage of this impending  movement by having their Entry Orders in place to capture this reversal.  Don\u2019t forget your Stops and Limits!<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/02\/GBP-USD-3-2-20111.JPG\" alt=\"GBP-USD 3-2-2011\" width=\"506\" height=\"597\" \/><\/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>A bullish movement in GBP\/USD has pushed a number of technical indicators into the over-bought territory. As I will demonstrate below, the GBP\/USD may very well be heading for a reversal, as a bearish cross has taken place on the Slow Stochastic.<\/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-19025","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19025","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=19025"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19025\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}