{"id":7996,"date":"2010-03-26T09:23:02","date_gmt":"2010-03-26T13:23:02","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7996"},"modified":"2010-03-26T09:23:02","modified_gmt":"2010-03-26T13:23:02","slug":"gbpusd-continues-to-drop","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/26\/gbpusd-continues-to-drop\/","title":{"rendered":"GBP\/USD Continues To Drop"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; The GBP\/USD pair has dropped quite severely over the past couple of  months. The pair fell over 1,500 pips in two months, providing unique  opportunities to gain high profits. At the moment it seems that the  bearish trend isn\u2019t over yet.<\/p>\n<p>\u2022 The chart below is the GBP\/USD daily chart by ForexYard.<br \/>\n\u2022 The technical indicators used are the Bollinger Bands, the Slow  Stochastic, the MACD and the Relative Strength Index (RSI).<br \/>\n\u2022 A very distinct bearish channel has formed on the chart, and the pair  is currently trading in the middle of it.<br \/>\n\u2022 The pair is very close to the next support level which is located at  the 1.4780 price.<br \/>\n\u2022 If the pair will manage to breach the support level, this will likely  boost the bearish momentum, with potential to reach towards the 1.4300  level within several days.<br \/>\n\u2022 The next support levels are located at: 1.4100 and 1.3650.<br \/>\n\u2022 However, if the pair will fail to breach through the 1.4780 level, a  bullish correction might take place, with the potential to reach the  1.5360 level.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/GBPUSD.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/GBPUSD.bmp\" alt=\"\" width=\"595\" height=\"543\" \/><\/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>By Yan Petters &#8211; The GBP\/USD pair has dropped quite severely over the past couple of months. The pair fell over 1,500 pips in two months, providing unique opportunities to gain high profits. At the moment it seems that the bearish trend isn\u2019t over yet. \u2022 The chart below is the GBP\/USD daily chart by &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/26\/gbpusd-continues-to-drop\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GBP\/USD Continues To Drop&#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-7996","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7996","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=7996"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7996\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}