{"id":282853,"date":"2024-04-14T02:04:25","date_gmt":"2024-04-13T20:34:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=282853"},"modified":"2024-04-14T02:04:25","modified_gmt":"2024-04-13T20:34:25","slug":"plummets-and-shift-bearish-dives-below-1-2500-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/plummets-and-shift-bearish-dives-below-1-2500-crypto-news\/","title":{"rendered":"Plummets and shift bearish, dives below 1.2500 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>GBP\/USD falls sharply, influenced by a move towards safer assets and a strengthening US Dollar.<\/strong><\/li>\n<li><strong>Technical analysis indicates a shift to bearish territory after dropping below the 200-day moving average.<\/strong><\/li>\n<li><strong>Recovery targets include reclaiming 1.2500, with resistance at the 200-day DMA.<\/strong><\/li>\n<\/ul>\n<p>The British Pound plunged against the US Dollar late in the North American session, down 0.74%, and trades at 1.2445 after hitting a daily high of 1.2559. Risk aversion triggered a flight to safety, a headwind for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\" data-fxs-autoanchor=\"\">Pound Sterling<\/a> even though UK GDP figures were solid.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD Price Analysis: Technical outlook<\/h2>\n<p>From a technical perspective, the GBP\/USD shifted bearish as it achieved a successive series of lower highs and lows while breaching key support levels. On its way south, the pair cleared the 200-day moving average (DMA) at 1.2584, which opened the door to a tumble below 1.2500.<\/p>\n<p>For a bearish continuation, the GBP\/USD needs to clear the 1.2400 mark. A breach of the latter will expose the November 17, 2023, low of 1.2374, followed by the 1.2300 mark.<\/p>\n<p>On the other hand, if buyers lift the GBP\/USD past the 1.2500, that could pave the way for further gains. The next resistance would be the 200-day moving average (DMA) at 1.2584, ahead of 1.2600.<\/p>\n<p>As the GBP\/USD dropped below key support levels and achieved<\/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-638485474903988023.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD falls sharply, influenced by a move towards safer assets and a strengthening US Dollar. Technical analysis indicates a shift to bearish territory after dropping below the 200-day moving average. Recovery targets include reclaiming 1.2500, with resistance at the 200-day DMA. The British Pound plunged against the US Dollar late in the North American session, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8137,"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-282853","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\/282853","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=282853"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282853\/revisions"}],"predecessor-version":[{"id":282854,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282853\/revisions\/282854"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8137"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=282853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=282853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=282853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}