{"id":6259,"date":"2019-05-30T19:26:49","date_gmt":"2019-05-30T19:26:49","guid":{"rendered":"https:\/\/www.forexanalytix.com\/blog\/?p=6259"},"modified":"2019-05-30T19:38:50","modified_gmt":"2019-05-30T19:38:50","slug":"chart-of-the-day-may-30th-2019","status":"publish","type":"post","link":"https:\/\/www.forexanalytix.com\/blog\/chart-of-the-day-may-30th-2019\/","title":{"rendered":"Chart of the Day -GBPUSD- (May 30th 2019)"},"content":{"rendered":"<div class=\"flex_column av_one_full  flex_column_div av-zero-column-padding first  \" style='border-radius:0px; '><p><div style='padding-bottom:16px;' class='av-special-heading av-special-heading-h3    '><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >The GBPUSD has tested some key support at the 1.2600 level today. <\/h3><div class='special-heading-border'><div class='special-heading-inner-border' ><\/div><\/div><\/div><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '  style='font-size:14px; '  itemprop=\"text\" ><p>Although the GBPUSD went as low as 1.2580 today the fact that we are holding above the 1.2600 level tells us how important this level of support is for the end of the week. <!--more-->Specifically, this is a) the 88% Fibonacci retracement of the Nov 2018 lows to Mar 2019 highs, b) the 127% extension of the Feb 2019 lows to Mar 2019 highs and c) a long standing trend line from 2017 to present. The daily RSI is slightly divergent and oversold, but the GBPUSD really should close the week above 1.2600 to validate this important support.<\/p>\n<\/div><\/section><br \/>\n<div class='avia-image-container  av-styling-    avia-align-center '  itemprop=\"ImageObject\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\"  ><div class='avia-image-container-inner'><a href='https:\/\/www.forexanalytix.com\/blog\/wp-content\/uploads\/2019\/05\/gbpusd-800x432.png' class='avia_image'  ><img class='avia_image ' src='https:\/\/www.forexanalytix.com\/blog\/wp-content\/uploads\/2019\/05\/gbpusd.png' alt='GBPUSD at support' title='GBPUSD Chart of the Day'  itemprop=\"thumbnailUrl\"  \/><\/a><\/div><\/div><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '  style='font-size:14px; '  itemprop=\"text\" ><p>Blake Morrow<\/p>\n<\/div><\/section><\/p><\/div><div class=\"flex_column av_one_full  flex_column_div av-zero-column-padding first  \" style='border-radius:0px; '><div class='av-social-sharing-box  '><div class='av-share-box'><h5 class='av-share-link-description'>Share this entry<\/h5><ul class='av-share-box-list noLightbox'><li class='av-share-link av-social-link-facebook' ><a target='_blank' href='http:\/\/www.facebook.com\/sharer.php?u=https:\/\/www.forexanalytix.com\/blog\/chart-of-the-day-may-30th-2019\/&amp;t=Chart%20of%20the%20Day%20-GBPUSD-%20%28May%2030th%202019%29' aria-hidden='true' data-av_icon='\ue8f3' data-av_iconfont='entypo-fontello' title='' data-avia-related-tooltip='Share on Facebook'><span class='avia_hidden_link_text'>Share on Facebook<\/span><\/a><\/li><li class='av-share-link av-social-link-twitter' ><a target='_blank' href='https:\/\/twitter.com\/share?text=Chart%20of%20the%20Day%20-GBPUSD-%20%28May%2030th%202019%29&url=https:\/\/www.forexanalytix.com\/blog\/?p=6259' aria-hidden='true' data-av_icon='\ue8f1' 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Linkedin<\/span><\/a><\/li><li class='av-share-link av-social-link-tumblr' ><a target='_blank' href='http:\/\/www.tumblr.com\/share\/link?url=https%3A%2F%2Fwww.forexanalytix.com%2Fblog%2Fchart-of-the-day-may-30th-2019%2F&amp;name=Chart%20of%20the%20Day%20-GBPUSD-%20%28May%2030th%202019%29&amp;description=Although%20the%20GBPUSD%20went%20as%20low%20as%201.2580%20today%20the%20fact%20that%20we%20are%20holding%20above%20the%201.2600%20level%20tells%20us%20how%20important%20this%20level%20of%20support%20is%20for%20the%20end%20of%20the%20week.' aria-hidden='true' data-av_icon='\ue8fa' data-av_iconfont='entypo-fontello' title='' data-avia-related-tooltip='Share on Tumblr'><span class='avia_hidden_link_text'>Share on Tumblr<\/span><\/a><\/li><li class='av-share-link av-social-link-reddit' ><a target='_blank' href='http:\/\/reddit.com\/submit?url=https:\/\/www.forexanalytix.com\/blog\/chart-of-the-day-may-30th-2019\/&amp;title=Chart%20of%20the%20Day%20-GBPUSD-%20%28May%2030th%202019%29' 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week.<\/p>\n","protected":false},"author":6,"featured_media":5406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[170,39],"tags":[46,127,171,58,61,42,117,188,186,45,70,71],"class_list":["post-6259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chart-of-the-day","category-technical-analysis","tag-analysis","tag-blake-morrow","tag-chart-of-the-day","tag-chart-patterns","tag-forex","tag-gbp","tag-gbpusd","tag-risk-off","tag-risk-on","tag-technical","tag-trading","tag-usd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chart of the Day -GBPUSD- (May 30th 2019) - ForexAnalytix - Blog<\/title>\n<meta name=\"description\" content=\"The GBPUSD is holding the 1.2600 key support level.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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