{"id":34997,"date":"2020-10-06T11:25:54","date_gmt":"2020-10-06T07:25:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=34997"},"modified":"2020-10-06T11:25:55","modified_gmt":"2020-10-06T07:25:55","slug":"pound-jumps-against-us-dollar-favoring-the-upside","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/pound-jumps-against-us-dollar-favoring-the-upside\/10\/06\/tech-analysis\/","title":{"rendered":"Pound Jumps Against US Dollar, favoring the upside"},"content":{"rendered":"\n<p>The British pound jumped against the US dollar to post strong gains within a bullish path that we expected in the previous analysis, touching our awaited target of 1.3000, reaching the highest level at 1.3000.<\/p>\n\n\n\n<p>Technically, the SMA 50 favors a bullish bias as the pair continues to receive positive signals from RSI on short time frames.<\/p>\n\n\n\n<p>The bullish scenario will remain intact, provided the breach of 1.3000 is confirmed, targeting 1.3030, then 1.3065, gains may extend later to 1.3110.<\/p>\n\n\n\n<p>On the downside, continuing trading below 1.2920 negates the bullish scenario and puts the price under negative pressure, targeting directly a retest of the critical support 1.2860, then 1.2820.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:\u00a0<strong>1.2925\u00a0<\/strong><\/strong><\/td><td><strong>R1: <strong>1.3025\u00a0<\/strong><\/strong><\/td><\/tr><tr><td><strong>S2:<\/strong>\u00a0<strong><strong>1.2860\u00a0\u00a0\u00a0\u00a0<\/strong><\/strong><\/td><td><strong>R2:<\/strong>\u00a0<strong><strong>1.3065\u00a0<\/strong><\/strong><\/td><\/tr><tr><td><strong>S3:\u00a0<strong>1.2820\u00a0\u00a0\u00a0<\/strong><\/strong><\/td><td><strong>R3: <strong>1.3125 \u00a0\u00a0<\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The British pound jumped against the US dollar to post strong gains within a bullish path that we expected in the previous analysis, touching our awaited target of 1.3000, reaching the highest level at 1.3000. Technically, the SMA 50 favors a bullish bias as the pair continues to receive positive signals from RSI on short &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34998,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[7222,6870,6908,7227],"class_list":["post-34997","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-gbp","tag-pound","tag-technical"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=34997"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34997\/revisions"}],"predecessor-version":[{"id":34999,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34997\/revisions\/34999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34998"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=34997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=34997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=34997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}