{"id":8475,"date":"2010-04-12T08:46:16","date_gmt":"2010-04-12T12:46:16","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8475"},"modified":"2010-04-12T08:46:16","modified_gmt":"2010-04-12T12:46:16","slug":"gbpusd-currently-overvalued","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/12\/gbpusd-currently-overvalued\/","title":{"rendered":"GBP\/USD Currently Overvalued"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The sustained upward movement of the GBP\/USD pair doesn\u2019t seem to be  receiving much resistance lately. As I will demonstrate below, the price  of GBP\/USD may very well be heading for a correction, and it might have  the potential of reaching towards 1.5250 in the coming days.<\/p>\n<p>\u2022\tThe technical indicators that are used  are the Relative Strength Index (RSI), and Slow Stochastic and Williams  Percent Range.<\/p>\n<p>\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick formed in the chart,  indicating that a reversal should take place.<\/p>\n<p>\u2022\tPoint 2: The Relative Strength Index (RSI) indicates that the price  of this cross currently floats in the overbought territory, signaling  downward pressure.<\/p>\n<p>\u2022\tPoint 3: The Slow Stochastic signals a bearish course for the pair  is imminent, as the Slow Stochastic oscillator is set to go reverse  course anytime soon.<\/p>\n<p>\u2022\tPoint 4: The William\u2019s Percent Range also supports the downward  direction.<\/p>\n<p>\u2022\tForex traders can take advantage of this imminent downward movement  by entering short positions at an excellent entry price.<\/p>\n<p>GBP\/USD Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/GBP-USD-12-41.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/GBP-USD-12-41.JPG\" alt=\"\" width=\"474\" height=\"587\" \/><\/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 Anton Eljwizat &#8211; The sustained upward movement of the GBP\/USD pair doesn\u2019t seem to be receiving much resistance lately. As I will demonstrate below, the price of GBP\/USD may very well be heading for a correction, and it might have the potential of reaching towards 1.5250 in the coming days. \u2022 The technical indicators &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/12\/gbpusd-currently-overvalued\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GBP\/USD Currently Overvalued&#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-8475","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8475","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=8475"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8475\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}