GBP/USD Market Swings High, Eyeing Resistance at 1.3300

GBP/USD Price Prediction – March 22
In about a couple of days’ sessions, the GBP/USD trade slumped to find support around 1.3000 afterward. The currency pair market now swings high to eye resistance at 1.3300 from the beneath. Price is currently trading in the high and low of 1.3216 and 1.3120 at a minute positive percentage of 0.32.

GBP/USD Market
Key Levels:
Resistance levels: 1.3300, 1.3400, 1.3500
Support levels: 1.3100, 1.3000, 1.2900

GBP/USD – Daily Chart
The GBP/USD daily chart shows the currency pair market swings high, eyeing resistance at 1.3300 as trading around 1.3206 as of writing. The 14-day SMA indicator is beneath the 50-day SMA indicator with a notable space, separating them from above the current trading spot. The Stochastic Oscillators are in the overbought region, pointing to the northbound direction. That signifies a pressure to the upside is ongoing.
Is it technically advisable to join the trade to the upside as the GBP/USD market swings high, eyeing resistance at 1.3300?
Presently, it appears no safer to join the GBP/USD trade to the upside as the currency pair market swings high to eye resistance at 1.33000. However, buyers are to hold their positions firmly around 1.3200 to push higher for a recovery from the previous downward-moving trend.

On the downside of the technical analysis, the GBP/USD trade sellers should exercise patience toward letting a convergence of prices form at a psychological higher trading resistance before considering a sell order devoid of high lot size.

In summarily, the GBP/USD price trades in an overbought condition presently, traders needed to be wary of exerting new orders. If buyers hold firmly around the 1.3200, the swinging-high motion will proceed to the next resistance at 1.3300.
GBP/USD 4-hour Chart
The GBP/USD medium-term chart shows the currency pair market swings high to eye resistance at 1.3300. The 14-day SMA indicator is underneath the 50-day SMA indicator. The Stochastic Oscillators are somewhat moving in a consolidation manner between 40 and 20 range lines. They seem to open their lines northbound at the range of 40 to signify the force to the north side is yet to be exhausted. Traders are to back up their entry execution with good active price action.

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