{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbp-usd-market-swings-to-hit-resistance\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbp-usd-market-swings-to-hit-resistance\/","headline":"GBP\/USD Market Swings to Hit Resistance","name":"GBP\/USD Market Swings to Hit Resistance","description":"British Pound Price Prediction \u2013 July 27The GBP\/USD market swings from a lower trading point to trade around the level at 0.3787. As of writing, the currency pair witnesses a smaller negative percentage rate of about 0.23.GBP\/USD MarketKey Levels: Resistance levels: 1.3900, 1.4000, 1.4100Support levels: 1.3700, 1.3600, 1.3500GBP\/USD \u2013 Daily ChartThe GBP\/USD daily chart reveals […]","datePublished":"2021-07-28","dateModified":"2021-07-28","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"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.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/GBPUSDCHARTJULY27.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/GBPUSDCHARTJULY27.png","height":503,"width":934},"url":"https:\/\/forexschoolonline.com\/gbp-usd-market-swings-to-hit-resistance\/","about":["FX Technical Analysis","GBPUSD"],"wordCount":431,"keywords":["GBP\/USD","Technical Analysis"],"articleBody":"British Pound Price Prediction \u2013 July 27The GBP\/USD market swings from a lower trading point to trade around the level at 0.3787. As of writing, the currency pair witnesses a smaller negative percentage rate of about 0.23.GBP\/USD MarketKey Levels: Resistance levels: 1.3900, 1.4000, 1.4100Support levels: 1.3700, 1.3600, 1.3500GBP\/USD \u2013 Daily ChartThe GBP\/USD daily chart reveals that the currency pair market swings in bearish channel trends to hit resistance around the upper channel trend-line. The upper bearish channel trend-line drew alongside the 14-day SMA indicator, facing southward below the 50-day SMA indicator. The Stochastic Oscillators are placed at range 80, nearing the overbought region. The base coin will soon lose momentum to the counter currency.How soon will there be a downward motion as the GBP\/USD market swings northward?There will be a downward motion in the currency pair while price-action emerges around the level of 1.3800 as the market swings around it. A forceful breakout at the point earlier mentioned appears not releasable in the near trading operations. Therefore, bulls needed to wait for a pull-down to occur around that value to touch the previous lower value at 1.3600 or a bit southward push past the point to consider launching a buy order.On the downside of technical trading analysis, as it is, the points around 1.3800 and 1.3900 are potentially where the GBP\/USD market bears should be on the lookout to consider, launching of a sell order especially, when price action occurs to face rejection to the upside. Therefore, traders needed to exercise trading principles in line with proper money management after placing a position.In summary, there may still be an extension of the currency pair into the points between 1.3800 and 1.3900 only to probably allow the GBP\/USD market bears to find an entry for a sell order. The market swinging further past those points could in no time lead to the bulls\u2019 trap.GBP\/USD 4-hour ChartDefinite bearish channel trend lines are shown on the GBP\/USD medium-term chart as the market swings northward to touch the upper bearish channel trend-line. The SMA trend lines are in the bearish channel trend lines as the 50-day SMA indicator is over the 14-day SMA trend-line. The Stochastic Oscillators have crossed the lines southbound from the overbought region close to the range at 40. That indicates that a downward is getting prepared on a higher note to take the market\u2019s control from that trading situation.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."}