{"id":337,"date":"2020-11-07T22:23:56","date_gmt":"2020-11-07T22:23:56","guid":{"rendered":"https:\/\/www.from1tomillion.com\/blog\/?p=337"},"modified":"2020-11-07T22:30:58","modified_gmt":"2020-11-07T22:30:58","slug":"gbpusd-may-be-topping-again","status":"publish","type":"post","link":"https:\/\/www.from1tomillion.com\/blog\/2020\/11\/07\/gbpusd-may-be-topping-again\/","title":{"rendered":"GBPUSD may be topping again"},"content":{"rendered":"\n<p>My last week&#8217;s bull target was hit to the pip and I am slowly turning bearish on the pound. If you read my previous pound comments, I was basically bullish since the break of 1.28 and later even 1.27. My target was always 1.3170, which was hit twice now, for a nice double top. I can still see more of an upmove, but it should be limited and every spike above 3200 is a good selling opportunity. Even above 3300, no problem. Soon, we may have a trade deal with the EU, so GU would probably spike up on that, but that should be it, when it comes to the bullishness. Like I mentioned in one of my previous analyses, I expect retail to start buying pound heavily, when a trade deal is agreed upon, and that will be probably the best time to sell against the herd. But nothing wrong with selling now, even 3150 is a very good selling point for 200 pips or more. My medium term target is 2750, though, so for that, a SL above 3350 might be a good choice.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"403\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/11\/7GBPUSD-1024x403.png\" alt=\"\" class=\"wp-image-338\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/11\/7GBPUSD-1024x403.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/11\/7GBPUSD-300x118.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/11\/7GBPUSD-768x302.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2020\/11\/7GBPUSD.png 1140w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>My last week&#8217;s bull target was hit to the pip and I am slowly turning bearish on the pound. If you read my previous pound comments, I was basically bullish since the break of 1.28 and later even 1.27. My target was always 1.3170, which was hit twice now, for a nice double top. I [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/337"}],"collection":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/comments?post=337"}],"version-history":[{"count":2,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/337\/revisions"}],"predecessor-version":[{"id":345,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/337\/revisions\/345"}],"wp:attachment":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/media?parent=337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/categories?post=337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/tags?post=337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}