{"id":7167,"date":"2010-02-26T09:20:20","date_gmt":"2010-02-26T14:20:20","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7167"},"modified":"2010-02-26T09:20:20","modified_gmt":"2010-02-26T14:20:20","slug":"pound-looks-to-drop-further","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/02\/26\/pound-looks-to-drop-further\/","title":{"rendered":"Pound Looks to Drop Further"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong><\/p>\n<p>After providing some signals for a bullish correction, the Pound seems to resume its bearish trend with full steam. A short analysis of the GBP\/USD and the GBP\/JPY crosses delivers the same conclusion \u2013 the Pound is going down.<\/p>\n<p>\u2022 Here are the GBP\/USD and the GBP\/JPY 1-day charts by forexYard.<br \/>\n\u2022 The two charts look quote similar. This suggests that the currency that determines the trend at the moment for both pairs is the Pound.<br \/>\n\u2022 It is also notable that all technical oscillators are pointing down at the moment, indicating that the bearish momentum is still quite strong.<br \/>\n\u2022 The next significant support levels for the GBP\/USD are located at the 1.5050 and the 1.4950.<br \/>\n\u2022 The next significant resistant levels are located at the 1.5350 and the 1.5460.<br \/>\n\u2022 The support levels of the GBP\/JPY cross are 133.50 and the 131.10 levels.<br \/>\n\u2022 The resistant levels of the GBP\/JPY cross are 136.55 and 137.80.<br \/>\n\u2022 If any of the crosses will manage to breach through two consecutive levels \u2013 it will verify the trend.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/02\/GBP-USD.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/02\/GBP-USD.bmp\" alt=\"\" width=\"592\" height=\"379\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/02\/gbp-jpy.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/02\/gbp-jpy.bmp\" alt=\"\" width=\"595\" height=\"377\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex Yard.<\/strong><\/a><\/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>After providing some signals for a bullish correction, the Pound seems to resume its bearish trend with full steam. A short analysis of the GBP\/USD and the GBP\/JPY&#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-7167","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7167","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=7167"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7167\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}