{"id":1384,"date":"2021-06-16T16:36:04","date_gmt":"2021-06-16T19:36:04","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1384"},"modified":"2021-06-16T16:36:07","modified_gmt":"2021-06-16T19:36:07","slug":"gbpusd-tests-swing-area","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/06\/16\/gbpusd-tests-swing-area\/","title":{"rendered":"GBPUSD tests swing area"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Swing&nbsp;between 1.3996 to 1.4016<\/h2>\n\n\n\n<p>The GBPUSD has moved down to test a\u00a0swing area between 1.39968 and\u00a01.40167. The\u00a0low price just reached 1.39975 and bounced\u00a0back above the swing area. The\u00a038.2% retracement of the move up from the April low comes in at 1.40273. The low price from yesterday&#8217;s trade was at 1.40335. That area between 1.40273 at 1.40335 is now close risk level on a rebound higher. Stay below keeps the sellers firmly in control.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210616\/2021-06-16_12-07-21.jpg\" alt=\"Swing\u00a0between 1.3996 to 1.4016\"\/><\/figure>\n\n\n\n<p>On the\u00a0downside a break of the swing area would have traders targeting the 50% of the same move up from the April low at 1.39587. Below that is the 100 day moving average at 1.39323. The\u00a0price has not closed below its 100 day moving average since the end of June 2020. In April, the price dipped below that moving average line but could not closed below the level. There also other intraday dips in early November 2020 (for a single day), and at the end of September 20 for\u00a04 consecutive days (no closes below the MA line).<\/p>\n\n\n\n<p><em>Source:<a href=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/gbpusd-tests-swing-area-20210616\" data-type=\"URL\" data-id=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/gbpusd-tests-swing-area-20210616\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.forexlive.com\/technical-analysis\/!\/gbpusd-tests-swing-area-20210616<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swing&nbsp;between 1.3996 to 1.4016 The GBPUSD has moved down to test a\u00a0swing area between 1.39968 and\u00a01.40167. The\u00a0low price just reached 1.39975 and bounced\u00a0back above the swing area. The\u00a038.2% retracement of the move up from the April low comes in at 1.40273. The low price from yesterday&#8217;s trade was at 1.40335. That area between 1.40273 at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1333,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1384","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1384"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1384\/revisions"}],"predecessor-version":[{"id":1385,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1384\/revisions\/1385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1333"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}