{"id":21432,"date":"2011-05-31T20:41:00","date_gmt":"2011-06-01T00:41:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=21432"},"modified":"2011-05-31T20:41:00","modified_gmt":"2011-06-01T00:41:00","slug":"cable-technical-analysis-31st-march","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/05\/31\/cable-technical-analysis-31st-march\/","title":{"rendered":"Cable Technical Analysis 31st March"},"content":{"rendered":"<p style=\"margin: 0.0px 0.0px 13.0px 0.0px; line-height: 22.0px; font: 13.0px Georgia; color: #020841;\"><strong>Cable Technical Analysis 31st March<\/strong><\/p>\n<p style=\"margin: 0.0px 0.0px 13.0px 0.0px; line-height: 22.0px; font: 13.0px Georgia; color: #020841;\">The current GBP\/USD price action is at the 61.8 percent Fibonacci level from the 1.6745 \u2013 1.6056 move down.<\/p>\n<p style=\"margin: 0.0px 0.0px 13.0px 0.0px; line-height: 22.0px; font: 13.0px Georgia; color: #020841;\">Cable has formed a bearish engulfing bar on the daily time frame after a failed attempt at the 1.6500 level.<\/p>\n<p style=\"margin: 0.0px 0.0px 13.0px 0.0px; line-height: 22.0px; font: 13.0px Georgia; color: #020841;\">There have been four straight up days in a row excluding yesterdays bank holiday inside day with a 490 pip move higher since 24\/5\/2011.<\/p>\n<p style=\"margin: 0.0px 0.0px 13.0px 0.0px; line-height: 22.0px; font: 13.0px Georgia; color: #020841;\">This price action suggests there may be further GBP\/USD downside potential if the daily low is taken out. \u00a0Conservative traders will possibly be looking for additional bearish confirmation.<\/p>\n<p style=\"margin: 0.0px 0.0px 13.0px 0.0px; line-height: 22.0px; font: 13.0px Georgia; color: #020841;\">More <span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.forex-fx-4x.com\">Forex technical analysis<\/a><\/span><\/p>\n<p style=\"margin: 0.0px 0.0px 13.0px 0.0px; line-height: 22.0px; font: 13.0px Georgia; color: #020841;\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forex-fx-4x.com\/1\/wp-content\/uploads\/2011\/05\/cable31stmaydaily.png\" alt=\"\" width=\"378\" height=\"250\" \/><\/p>\n<p style=\"margin: 0.0px 0.0px 13.0px 0.0px; line-height: 22.0px; font: 13.0px Georgia; color: #020841;\">&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cable Technical Analysis 31st March The current GBP\/USD price action is at the 61.8 percent Fibonacci level from the 1.6745 \u2013 1.6056 move down. Cable has formed a bearish engulfing bar on the daily time frame after a failed attempt at the 1.6500 level. There have been four straight up days in a row excluding &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/05\/31\/cable-technical-analysis-31st-march\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cable Technical Analysis 31st March&#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-21432","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21432","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=21432"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21432\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}