• 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 Succumbs Slightly Downward

Johnathon Fox
08/17/2021 | UPDATED ON: 08/17/2021

British Pound Price Prediction – August 17
The GBP/USD market now succumbs slightly downward in its trading activities as the currency pair’s price trades at a -0.29 percentage rate at the level of around 1.3800 as of writing. The slight downward movement in the market appears to be in an increasing mood in the subsequent trading sessions.

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
It now reveals on the GBP/USD daily chart that the currency pair market succumbs slightly downward in its valuation. Variant Japanese trading candlesticks have formed in an attempt to break past down the line at 1.3800. The 14-day SMA trend-line has moved upward to align in a southward-curving posture closely beneath the 50-day SMA trend-line. The Stochastic Oscillators have moved down near the range 20. They now appear to close the lines to probably indicate a pause in the trading situation of the pairing fiat coins.
Would there be continuity in the current trading situation as the market succumbs slightly downward?
An active price movement is required to now be able to detect what could be the next direction that the GBP/USD trade follow as even that the market succumbs slightly downward. A forceful push against the 1.3800 will cause a trading moment that makes the market re-find support in a lower trading zone.

On the downside, the GBP/USD market bears would have to add more to energies possessed in the market to force the market down further through some of the support lines. That said, the reading of the Stochastic Oscillators suggests that the downward pushing strength appears fading off on a gradual note. That portends the warning against expecting a further free-fall movement afterward.

Summarily, the GBP/USD market operation may still experience a downward force in its valuation. But, cautiousness is needed to exercise by traders intending to go short on the currency pair. However, if a sudden hike in price against the resistance line at 1.3900, the downward motion would mean to have ended.
GBP/USD 4-hour Chart
It’s a bit more clearer on the GBP/USD 4-hour chart that the market succumbs to a downward motion. The 14-day SMA indicator has crossed southward closely underneath the 50-day SMA indicator. A full-body bearish candlestick is the making to indicate that the currency pair is under falling pressure. The Stochastic Oscillators have crossed southbound briefly past the range 40, backing the current downward forces.


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: « EURUSD Guns for Higher Prices After Rebounding off Its Falling Wedge Pattern
Next Post: Market Consolidation Continues as NZDUSD Keeps Trading Sideways »

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