{"id":35569,"date":"2020-10-16T10:32:37","date_gmt":"2020-10-16T06:32:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35569"},"modified":"2020-10-16T10:32:39","modified_gmt":"2020-10-16T06:32:39","slug":"selling-pressure-continues-for-the-pound","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/selling-pressure-continues-for-the-pound\/10\/16\/tech-analysis\/","title":{"rendered":"Selling Pressure Continues For The Pound"},"content":{"rendered":"\n<p>Negative trading dominated the pound against the US dollar as we expected, touching the target to be achieved during the previous analysis at 1.2900, posting a low of 1.2886.<\/p>\n\n\n\n<p>Technically, by looking at the 4-hour chart, we see that the SMA 50 supports the bearish daily curve, with the stochastic losing its bullish momentum.<\/p>\n\n\n\n<p>From here, and with consolidating below 1.2960, the bearish bias will likely be targeting 1.2840 as a first target, bearing in mind that confirming the breach of the aforementioned level increases and accelerates the strength of the bearish trend, to open the doors directly towards 1.2790.<\/p>\n\n\n\n<p>From the upside, and with trading back above 1.2960, bullish opportunities will be postponed and we see a re-test of 1.3030. Caution: The level of risk may be high.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:\u00a0<strong><strong><strong><strong><strong><strong><strong><strong>1.2840\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R1: <strong><strong><strong><strong><strong><strong><strong><strong>1.2985\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S2:<\/strong>\u00a0<strong><strong><strong><strong><strong><strong><strong><strong><strong>1.2790\u00a0\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R2:<\/strong>\u00a0<strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3080\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S3:\u00a0<strong><strong><strong><strong><strong><strong><strong><strong>1.2695\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R3: <strong><strong><strong><strong><strong><strong>1.3130 \u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Negative trading dominated the pound against the US dollar as we expected, touching the target to be achieved during the previous analysis at 1.2900, posting a low of 1.2886. Technically, by looking at the 4-hour chart, we see that the SMA 50 supports the bearish daily curve, with the stochastic losing its bullish momentum. From &hellip;<\/p>\n","protected":false},"author":9,"featured_media":35576,"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-35569","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\/35569","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=35569"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35569\/revisions"}],"predecessor-version":[{"id":35577,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35569\/revisions\/35577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35576"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}