{"id":9796,"date":"2010-05-28T08:59:13","date_gmt":"2010-05-28T12:59:13","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9796"},"modified":"2010-05-28T08:59:13","modified_gmt":"2010-05-28T12:59:13","slug":"potential-reversal-for-gbpjpy-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/28\/potential-reversal-for-gbpjpy-2\/","title":{"rendered":"Potential Reversal for GBP\/JPY"},"content":{"rendered":"<p><strong>By Anton Eljwizat <\/strong>&#8211; The pair has recorded much bullish behavior yesterday. However, the  technical data indicates that this trend may reverse anytime soon. For  example, as I demonstrate below, the 4-hour chart signals that a bearish  reversal is imminent, and the cross may tumble 40-110 pips during the  day. Traders are strongly advised to take advantage of the trend at an  early stage.<\/p>\n<p>\u2022\tThe chart below is the 4-hour GBP\/JPY  chart by ForexYard.<\/p>\n<p>\u2022\tThe technical indicators used are the Slow Stochastic, MACD, and  Relative Strength Index (RSI).<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates a bearish cross, signaling  that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 2: The Relative Strength Index (RSI) signals that the price  of this pair currently floats in the over-bought territory, indicating  downward pressure.<\/p>\n<p>\u2022\tPoint 3: The MACD indicates an impending bearish cross, which may  signal a downward movement is going to occur in the near future.<\/p>\n<p>GBP\/JPY 4-Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/GBP-JPY-28-5.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/GBP-JPY-28-5.JPG\" alt=\"\" width=\"476\" height=\"587\" \/><\/a><\/p>\n<p><strong><em>Forex Market         Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                             Yard.<\/a><\/strong><\/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 pair has recorded much bullish behavior yesterday. However, the technical data indicates that this trend may reverse anytime soon. For example, as I demonstrate below, the 4-hour chart signals that a bearish reversal is imminent, and the cross may tumble 40-110 pips during the day. Traders are strongly advised to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/28\/potential-reversal-for-gbpjpy-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Potential Reversal for GBP\/JPY&#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-9796","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9796","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=9796"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9796\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}