{"id":23876,"date":"2011-09-15T23:30:42","date_gmt":"2011-09-16T03:30:42","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=23876"},"modified":"2011-09-15T23:30:42","modified_gmt":"2011-09-16T03:30:42","slug":"gbpusd-is-facing-the-resistance-of-the-downtrend-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/09\/15\/gbpusd-is-facing-the-resistance-of-the-downtrend-line\/","title":{"rendered":"GBPUSD is facing the resistance of the downtrend line"},"content":{"rendered":"<p>GBPUSD is facing the resistance of the downtrend line on 4-hour chart, as long as the trend line resistance holds, the rise from 1.5707 is treated as minor consolidation of downtrend, and another fall to 1.5600 is still possible. However, a clear break above the trend line will indicate that a cycle bottom has been formed at 1.5707, then lengthier consolidation of downtrend could be seen.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/blog.forexcycle.com\/wp-content\/uploads\/2011\/09\/20110916_gbpusd_1.gif\" alt=\"gbpusd\" width=\"400\" height=\"300\" \/><\/p>\n<p><a href=\"http:\/\/www.forexcycle.com\/\" target=\"_blank\">Forex Signals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBPUSD is facing the resistance of the downtrend line on 4-hour chart, as long as the trend line resistance holds, the rise from 1.5707 is treated as minor consolidation of downtrend, and another fall to 1.5600 is still possible. However, a clear break above the trend line will indicate that a cycle bottom has been &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/09\/15\/gbpusd-is-facing-the-resistance-of-the-downtrend-line\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GBPUSD is facing the resistance of the downtrend line&#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-23876","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23876","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=23876"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23876\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}