{"id":35963,"date":"2020-10-23T13:39:49","date_gmt":"2020-10-23T09:39:49","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35963"},"modified":"2020-10-23T13:40:19","modified_gmt":"2020-10-23T09:40:19","slug":"tpound-is-losing-momentum","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/tpound-is-losing-momentum\/10\/23\/tech-analysis\/","title":{"rendered":"The pound is Losing Momentum"},"content":{"rendered":"\n<p>The pound continues its bearish bias against the US dollar within the expected bearish path during the previous analysis, in which we relied on confirming a break of 1.3100, pointing out that this facilitates the required mission of 1.3000, so that the pair continues to the downside.<\/p>\n\n\n\n<p>On the technical side, trading remaining below the aforementioned level enhances the chances of a reversal, as we find the simple moving averages continue to pressure the price, accompanied by the clear negative signs on the stochastic indicator.<\/p>\n\n\n\n<p>Therefore, the bearish bias is likely today, continuing towards the same target of the previous analysis 1.3000, and we should pay close attention that confirming the break of 1.2980 \/ 1.2975 will extend the pair&#8217;s losses, so that we will be waiting for a re-test of 1.2910.<\/p>\n\n\n\n<p>A reminder that the return of trading stability again above the 1.3110 \/ 1.3120 resistance will negate the activation of the bearish tendency immediately and lead the pair to the upside path again with initial targets at 1.3190 and may extend to 1.3220.<\/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><strong><strong><strong><strong><strong>1.3015\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R1: <strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3120\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/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><strong><strong><strong><strong><strong>1.2975\u00a0\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R2:<\/strong>\u00a0<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3190\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S3:\u00a0<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.2910\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R3: <strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3230 \u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The pound continues its bearish bias against the US dollar within the expected bearish path during the previous analysis, in which we relied on confirming a break of 1.3100, pointing out that this facilitates the required mission of 1.3000, so that the pair continues to the downside. On the technical side, trading remaining below the &hellip;<\/p>\n","protected":false},"author":9,"featured_media":35972,"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-35963","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\/35963","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=35963"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35963\/revisions"}],"predecessor-version":[{"id":35975,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35963\/revisions\/35975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35972"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}