• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

GBP/USD Market Dumps, Embarking on a Recovery Motion

Johnathon Fox
03/02/2022 | UPDATED ON: 03/02/2022

GBP/USD Price Prediction – March 1
A significant reduction has taken place during the last couple of trading days’ sessions in the GBP/USD price valuation as the currency pair market dumps, embarking on a recovery motion. The trading operation commences with a balance of 1.3414 to now trade between the high of 1.3437 and a low of 1.3386.

GBP/USD Market
Key Levels:
Resistance levels: 1.3500, 1.3600, 1.3700
Support levels: 1.3300, 1.3200, 1.3100

GBP/USD – Daily Chart
The GBP/USD daily chart showcases the currency pair market dumps, embarking on a recovery motion. Price broke the horizontal line drawn at 1.3400 before a bullish candlestick around the 1.3300 support level. The 14-day SMA indicator has intercepted the 50-day SMA indicator to the downside, signifying an affirmation of resistance zone awaiting the current recovery motion. Stochastic Oscillators are attempting to cross northbound in the oversold region.
Will the GBP/USD trade drop further as there has been a situation showcasing that the currency pair market dumps, trying to embark on a recovery motion?
In the long-term running outlook of the GBP/USD, it seems there will be a steady elongation recovery movement in the trade operations. There has been a bullish candlestick formed during the February 28th trading time. from 1the 1.3300l, bulls will have to continue to build alongside the buying wall.

On the downside of the technical analysis, it would be technically sound well that price is allowed to beef up in strength up to a higher trading level around 1.3500 to observe the possibility of a downward movement returning before considering a launch of the sell order.

In summary, the market movers have to be wary of taking positions by adhering to the direction of price action. A sign of rejection seems to pile up around 1.3400, denoting that a pause is playing for now. A sudden pull-up at that value line will nudge the market into getting more ups.
GBP/USD 4-hour Chart
The GBP/USD medium-term chart shows the currency pair dumps, embarking on a recovery motion. The 50-day SMA indicator is above the 14-day SMA indicator. The bearish trend line drew above the SMAs to signify that the trading activities between the duos currencies are yet under a selling setting. The Stochastic Oscillators are in the overbought region. The point at 1.3450 appears to be the main resistance level against the continuation in the current recovery motion. A long-hold of positions around the value line may lead the Stochastic Oscillators into lowering their lines. Afterward, a sudden breakout at the point mentioned earlier will potentially propel the price to a high of 1.3500 or 1.3550.


Note:Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « NZDUSD Experiences a Break in the Market Structure to Initiate an Uptrend
Next Post: GBPJPY Bears Wield Stronger Influence With Double Top Formation »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US