{"id":93972,"date":"2023-12-13T00:27:28","date_gmt":"2023-12-12T20:27:28","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=93972"},"modified":"2023-12-13T00:30:04","modified_gmt":"2023-12-12T20:30:04","slug":"gold-tumbles-ahead-of-fomc-meeting","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-tumbles-ahead-of-fomc-meeting\/12\/13\/market-updates\/","title":{"rendered":"GBP\/JPY was unable to extend its gain"},"content":{"rendered":"\n<p>The GBP\/JPY pair was unable to maintain its gains for longer, resulting in the formation of a bearish candlestick pattern. Despite being neutral, a drop within the Kumo might cause the pair to continue its downturn.<br><br>Buyers regaining a three-month-old resistance trendline might pave the way for a test of the year&#8217;s high. The GBP\/JPY remained under pressure ahead of the Bank of England&#8217;s (BoE) monetary policy decision on Thursday. <br><br>At the time of writing, the GBP\/JPY pair is trading at 182.94, down 0.28%. For a bullish resumption, buyers must lift the exchange rates above 185.00, breaking a three-month-old resistance trendline that passes at around that level. Once cleared, that would open the path towards the year-to-date high at 188.80.<br><br>However, if sellers intervened and drove prices inside the Kumo, the pair may resume its downward trajectory. The key support level is 181.99, the Kumo&#8217;s bottom, followed by the December 11 low of 181.60. When it falls below that level, the 180.00 mark becomes available.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/JPY pair was unable to maintain its gains for longer, resulting in the formation of a bearish candlestick pattern. Despite being neutral, a drop within the Kumo might cause the pair to continue its downturn.Buyers regaining a three-month-old resistance trendline might pave the way for a test of the year&#8217;s high. The GBP\/JPY remained &hellip;<\/p>\n","protected":false},"author":13,"featured_media":81250,"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":[6967,8608],"class_list":["post-93972","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boe","tag-gbp-jpy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93972","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=93972"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93972\/revisions"}],"predecessor-version":[{"id":93979,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/93972\/revisions\/93979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81250"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=93972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=93972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=93972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}