{"id":13505,"date":"2023-04-06T08:13:12","date_gmt":"2023-04-06T08:13:12","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13505"},"modified":"2023-05-22T08:17:20","modified_gmt":"2023-05-22T08:17:20","slug":"gbpusd-making-a-bullish-break-out","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/04\/06\/gbpusd-making-a-bullish-break-out\/","title":{"rendered":"GBPUSD Making a bullish break-out"},"content":{"rendered":"<p>The GBPUSD pair eventually rebounded and hit the Double Top Resistance, which was our Target as presented on our February 28 analysis:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"GBPUSD Aiming at the Rectangle's top. Buy signal.\" href=\"https:\/\/www.tradingview.com\/chart\/GBPUSD\/wXtvLuXv-GBPUSD-Aiming-at-the-Rectangle-s-top-Buy-signal\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/w\/wXtvLuXv_big.png\" alt=\"GBPUSD Aiming at the Rectangle's top. Buy signal.\" \/><\/a><\/div>\n<p>At the moment the price is above that level (1.2450) and as long as it closes above it, we will be targeting 1.2650 on the May 27 2022 High Resistance. A closing below 1.2450 could set this rise back to the 1D MA50 (blue trend-line) until the 1D RSI turns neutral around 50.00 again and attracts buyers.<\/p>\n<p>Note that there is an important long-term Resistance Cluster ahead as besides the 1.2665 Resistance (May 27 High), we have the June 01 2021 Lower Highs trend-line. A break above the 1W MA200 (red trend-line) places GBPUSD back into long-term bullish territory on the 1W time-frame.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/GBPUSD\/mIIqC0Cb-GBPUSD-Making-a-bullish-break-out\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/GBPUSD\/mIIqC0Cb-GBPUSD-Making-a-bullish-break-out<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBPUSD pair eventually rebounded and hit the Double Top Resistance, which was our Target as presented on our February 28 analysis: At the moment the price is above that level (1.2450) and as long as it closes above it, we will be targeting 1.2650 on the May 27 2022 High Resistance. A closing below<\/p>\n","protected":false},"author":611,"featured_media":13506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-13505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13505"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13505\/revisions"}],"predecessor-version":[{"id":13508,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13505\/revisions\/13508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13506"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}