GBP/USD Market Operation Holds at 1.3800

British Pound Price Prediction – October 26
The GBP/USD market operation holds at 1.3800 for about a couple of days’ trading sessions. The currency pair worth trades around 1.3792 as of writing at a percentage rate of about 0.20 positive. It means there is still an indication that the market momentum to the upsides is intact.

GBP/USD Market
Key Levels:
Resistance levels: 1.3900, 1.4000, 1.4100
Support levels: 1.3700, 1.3600, 1.3500

GBP/USD – Daily Chart
The GBP/USD daily chart reveals that the currency pair market operation holds at 1.38000 as there have been notable downs and ups around the trading line. The bullish channel trend lines drew slightly across the SMAs to exhibit the paths within, which the market keeps in its recently embarked journey to the north side. The 14-day SMA indicator is yet to touch the 50-day SMA indicator from below. The Stochastic Oscillators have briefly bent southbound against the range 80, trying to close the lines around range 70. That indicates that the currency pair trade may experience a pause in the business activity soon.
How long will the GBP/USD price experience a pause in its business activities as the market operation holds at 1.3800l?
It seems uneasy by now to project how long will the GBP/USD price experience a pause in its business activities as the market operation holds at 1.3800 over a couple of sessions until the present. In the meantime, it would be necessary that the market moves down in a retracement process toward around 1.3700. A rebound is to occur after a while so that a buy entry can be.

On the downside of technical analysis, the GBP/USD market bears may have to watch for a retest of the 1.3900 resistance level giving back a forceful reversal motion before considering joining the trade. While in the scenario of having that price pushes slowly to the north further away from that value line, traders would need to be cautious of exerting any position for a while.

Summarily, Price action needed to be awaited by traders to determine the exact time to launch an entry order in the GBP/USD market operation as price holds around 1.3800. The market level at 1.3700 appears to be the critical support baseline that bulls will have to be wary of in their northward continuation moving bid.
GBP/USD 4-hour Chart
The GBP/USD medium-term chart reveals that the currency pair market operation holds at 1.3800 closer to the lower bullish channel trend line. The 14-day SMA indicator is above the 50-day SMA indicator. And, the smaller indicator has slightly breached northward. The Stochastic Oscillators are briefly pointing northbound against the range of 40. That suggests that the base coin is striving to push the counter price momentum.


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