{"id":63491,"date":"2022-04-08T17:24:48","date_gmt":"2022-04-08T13:24:48","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=63491"},"modified":"2022-04-08T17:24:51","modified_gmt":"2022-04-08T13:24:51","slug":"gbp-usd-moving-lower-looking-for-a-break","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-usd-moving-lower-looking-for-a-break\/04\/08\/market-updates\/","title":{"rendered":"GBP\/USD Moving Lower, Looking For A Break"},"content":{"rendered":"\n<p>The GBP\/USD pair has continued moving lower. Economists at Credit Suisse stay bearish and look for a break below 1.30 to open up a fall to 1.2855\/29. Resistance has been seen at 1.3168\/84<br><br>Economists now look for an imminent break below 1.3013\/00, which would reassert the core downtrend, especially if daily MACD also sees a confirmed cross lower. Support is then seen next at the lower end of the nine-month channel at 1.2910\/05 and eventually the 50% retracement of the uptrend from 2020 and November 2020 low at 1.2855\/29. We would look for a fresh floor here for a phase of consolidation.<br><br>Resistance is seen at 1.3108\/09 initially, then 1.3168\/84, a close above which can see a move back to 1.3223\/26 and potentially a retest of 1.3287\/99, which we would look to cap the market if reached, especially with the falling 55-day average now not far above at 1.3323.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/USD pair has continued moving lower. Economists at Credit Suisse stay bearish and look for a break below 1.30 to open up a fall to 1.2855\/29. Resistance has been seen at 1.3168\/84Economists now look for an imminent break below 1.3013\/00, which would reassert the core downtrend, especially if daily MACD also sees a confirmed &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53242,"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":[37,36],"tags":[9502,8260,7034,7561],"class_list":["post-63491","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-break","tag-consolidation","tag-gbp-usd","tag-resistance"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63491","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=63491"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63491\/revisions"}],"predecessor-version":[{"id":63568,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/63491\/revisions\/63568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53242"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=63491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=63491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=63491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}