{"id":103856,"date":"2020-08-27T14:21:15","date_gmt":"2020-08-27T13:21:15","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103856"},"modified":"2020-08-27T14:22:15","modified_gmt":"2020-08-27T13:22:15","slug":"104061-gbp-usd-bulls-might-win-this-week","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104061-gbp-usd-bulls-might-win-this-week\/","title":{"rendered":"GBP\/USD Bulls Might Win This Week"},"content":{"rendered":"<ul>\n<li>GBP\/USD to stretch gains above 1.3200.<\/li>\n<li>The 21-hour moving average gives upside fillip.<\/li>\n<li>Hourly RSI is in bullish mode as markets wait for Powell speech.<\/li>\n<\/ul>\n<p>GBP\/USD continued its consolidation in the European session after a similar price action during the Asian session, on Thursday. The pair had witnessed a sharp up-move to 1.3220 in yesterday&#8217;s US session.<\/p>\n<p>GBP\/USD is in the upper region of the rising channel formation in the current week and holds firmly above the 21-hourly Simple Moving Average near 1.3198.<\/p>\n<p>Further upside action will test the rising trendline resistance at 1.3238, supported by the hourly RSI of 62.20 &#8211; a bullish reading.<\/p>\n<p>The upside move has less resistance compared to a downside action: the immediate support is at the upward sloping 50-HMA of 1.3161, in case 21-hour MA fails at the task.<\/p>\n<p>Further support is available at 1.3147, where the horizontal 200-HMA and rising trendline meet. If the pair falls below this level, then it could rest at 100-HMA of 1.3135.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD to stretch gains above 1.3200. The 21-hour moving average gives upside fillip. Hourly RSI is in bullish mode as markets wait for Powell speech. GBP\/USD continued its consolidation in the European session after a similar price action during the Asian session, on Thursday. The pair had witnessed a sharp up-move to 1.3220 in yesterday&#8217;s [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5420,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1888,1441,1730,3165],"class_list":{"0":"post-103856","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-gbp-usd","10":"tag-powell","11":"tag-rsi","12":"tag-sma"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD Bulls Might Win This Week - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104061-gbp-usd-bulls-might-win-this-week\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104061-gbp-usd-bulls-might-win-this-week\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104061-gbp-usd-bulls-might-win-this-week\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"GBP\\\/USD Bulls Might Win This Week\",\"datePublished\":\"2020-08-27T13:21:15+00:00\",\"dateModified\":\"2020-08-27T13:22:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104061-gbp-usd-bulls-might-win-this-week\\\/\"},\"wordCount\":166,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104061-gbp-usd-bulls-might-win-this-week\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100934-gbp-eur-pound-up-on-extension.jpg\",\"keywords\":[\"gbp\\\/usd\",\"powell\",\"rsi\",\"SMA\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104061-gbp-usd-bulls-might-win-this-week\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104061-gbp-usd-bulls-might-win-this-week\\\/\",\"name\":\"GBP\\\/USD Bulls Might Win This Week - 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