{"id":268470,"date":"2024-03-20T20:31:02","date_gmt":"2024-03-20T15:01:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=268470"},"modified":"2024-03-20T20:35:13","modified_gmt":"2024-03-20T15:05:13","slug":"subdued-around-1-2700-with-bears-in-charge-pre-fomc-decision-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/subdued-around-1-2700-with-bears-in-charge-pre-fomc-decision-crypto-news\/","title":{"rendered":"Subdued around 1.2700, with bears in charge pre-FOMC decision &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>The Pound falls versus Dollar, awaiting Fed policy news.<\/strong><\/li>\n<li><strong>GBP\/USD nears 50-day MA; further drops possible as bears target 1.2600.<\/strong><\/li>\n<li><strong>Break below 1.2700 may seek weekly lows, with rebound eyeing March highs.<\/strong><\/li>\n<\/ul>\n<p>The Pound Sterling drops some 0.12% against the US Dollar in early trading during the North American session as traders brace for the Federal Reserve\u2019s monetary policy. A softer inflation report in the United Kingdom (UK) didn\u2019t move the needle in the session, as the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\" data-fxs-autoanchor=\"\">GBP\/USD<\/a> trades at 1.2706, with sellers hoping to push prices below the 1.2700 mark.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD Price Analysis: Technical outlook<\/h2>\n<p>The daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\" data-fxs-autoanchor=\"\">chart<\/a> portrays the pair as neutral biased; GBP\/USD buyers leaned into the 50-day moving average (DMA) at 1.2685, the day\u2019s low, but edged above the 1.2700 handles and hovered around that area. The Relative Strength Index (RSI) points downward below the 50-midline, indicating that selling pressure remains.<\/p>\n<p>If the GBP\/USD extends its losses below 1.2700, it will challenge the 50-DMA, followed by the current week\u2019s low of 1.2667. A further downside is seen at the 100-DMA at 1.2619, ahead of the 1.2600 figure.<\/p>\n<p>On the flip side, if buyers reclaim the March 18 high of 1.2746 and break a resistance trendline at around the 1.2745\/55 area, expect a recovery toward the 1.2800 mark.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD Price Action \u2013 Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638465425123457261.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Pound falls versus Dollar, awaiting Fed policy news. GBP\/USD nears 50-day MA; further drops possible as bears target 1.2600. Break below 1.2700 may seek weekly lows, with rebound eyeing March highs. The Pound Sterling drops some 0.12% against the US Dollar in early trading during the North American session as traders brace for the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,641,255,250,277,252,247,253,249,308,256,254],"class_list":["post-268470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/268470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=268470"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/268470\/revisions"}],"predecessor-version":[{"id":268475,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/268470\/revisions\/268475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6643"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=268470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=268470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=268470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}