{"id":104324,"date":"2020-09-08T17:20:35","date_gmt":"2020-09-08T16:20:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104324"},"modified":"2020-09-08T17:20:35","modified_gmt":"2020-09-08T16:20:35","slug":"104210-gbp-usd-dives-to-over-monthly-lows-1-3000-comes-into-focus","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104210-gbp-usd-dives-to-over-monthly-lows-1-3000-comes-into-focus\/","title":{"rendered":"GBP\/USD: Dives to over monthly lows, 1.3000 comes into focus"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">GBP\/USD sold off sharply on Tuesday, striking a 1 month low.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A meaningful move below 1.3125-30 (confluence support) added to the bearish picture.1.3000 in the next key handle.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GBP\/USD extended its selloff across the European session, plunging to a 1 month low, around 1.3020 in the last hour.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Pound is dropping as the risk of a hard Brexit rises. Brexit fears plus a pickup in greenback demand is fuelling the selloff, marking 5 consecutive days of decline.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A meaningful move below 1.3125-1.3150 region, the ascending trend-line support in place since early August, prompted a deeper decline.\u00a0 The 1.3125\/50 area also coincides with the 200-SMA on the 4-hourly chart. A prior move through support at1.3060-50 could have also set off the downwards bias.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oscillators on the daily chart have started moving into bearish territory. However, on the hourly chart, oscillators are showing very oversold conditions. With this in mind, the motive for bearish traders should be cautioned.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That said, a break through 1.3000 could see bearish momentum pick up towards August lows, around 1.2980 ..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the upside, resistance can be seen at 1.3060,\u00a0 followed by 1.3100 and trend-line support turned resistance near 1.3130.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD sold off sharply on Tuesday, striking a 1 month low. A meaningful move below 1.3125-30 (confluence support) added to the bearish picture.1.3000 in the next key handle. GBP\/USD extended its selloff across the European session, plunging to a 1 month low, around 1.3020 in the last hour. The Pound is dropping as the risk [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5645,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1394,1888,1398],"class_list":{"0":"post-104324","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-gbp","10":"tag-gbp-usd","11":"tag-usd"},"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: Dives to over monthly lows, 1.3000 comes into focus - 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\/104210-gbp-usd-dives-to-over-monthly-lows-1-3000-comes-into-focus\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\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\\\/104210-gbp-usd-dives-to-over-monthly-lows-1-3000-comes-into-focus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104210-gbp-usd-dives-to-over-monthly-lows-1-3000-comes-into-focus\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD: Dives to over monthly lows, 1.3000 comes into focus\",\"datePublished\":\"2020-09-08T16:20:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104210-gbp-usd-dives-to-over-monthly-lows-1-3000-comes-into-focus\\\/\"},\"wordCount\":197,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104210-gbp-usd-dives-to-over-monthly-lows-1-3000-comes-into-focus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100662-gbp-usd-no-surprise-us-fed.jpg\",\"keywords\":[\"gbp\",\"gbp\\\/usd\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104210-gbp-usd-dives-to-over-monthly-lows-1-3000-comes-into-focus\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104210-gbp-usd-dives-to-over-monthly-lows-1-3000-comes-into-focus\\\/\",\"name\":\"GBP\\\/USD: Dives to over monthly lows, 1.3000 comes into focus - 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