{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbpusd-continues-northwards\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbpusd-continues-northwards\/","headline":"GBPUSD Continues Northwards","name":"GBPUSD Continues Northwards","description":"The GBPUSD pair has continued its upward trajectory. Considering the magnitude of gains that bullish traders are still commanding, this market exhibits a strong bullish characteristic. Applied technical indicators are still largely in support of a continued upside move. A more detailed examination of the market is provided below. Key Price Levels: Resistance Levels: 1.3000, […]","datePublished":"2024-08-20","dateModified":"2024-08-20","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\/2022\/05\/pound-sterling-6804048_960_720.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/05\/pound-sterling-6804048_960_720.jpg","height":720,"width":960},"url":"https:\/\/forexschoolonline.com\/gbpusd-continues-northwards\/","about":["Cryptocurrency","Forex","FX Technical Analysis","GBP\/USD"],"wordCount":272,"keywords":["Forex","gbpusd","Technical Analysis"],"articleBody":"The GBPUSD pair has continued its upward trajectory. Considering the magnitude of gains that bullish traders are still commanding, this market exhibits a strong bullish characteristic. Applied technical indicators are still largely in support of a continued upside move. A more detailed examination of the market is provided below.Key Price Levels:Resistance Levels: 1.3000, 1.3100, 1.3200Support Levels: 1.2900, 1.2800, 1.2700GBPUSD Bulls Are Pushing for Extended DominancePrice activity in the GBPUSD market has continued to rise after breaking the psychological resistance at the $1.2900 mark. Today’s session has brought the market to test the 1.3000 resistance level. However, the mentioned resistance appears strong as the market has contracted off it.Nevertheless, price action continues to hug the uppermost limit of the Bollinger Bands (BB) indicator. Similarly, the Stochastic Relative Strength Index (SRSI) lines have converged deep in the overbought region, yet the indicator line still has an upward bearing.GBPUSD Rejection Seems Quite MinimalThe GBPUSD market has hit both the uppermost limit of the BB indicator and the technical resistance level at the 1.3000 price level. The market reacted with a downward contraction of price. Moving forward, the ongoing session has extended the bearish downward retracement. Nevertheless, price activity continues to hug the uppermost limit of the BB indicator.Additionally, the BB indicator itself has a strong upward trajectory. Meanwhile, the SRSI indicator lines present a rather exaggerated view of the market, as they have fallen too deep for such a minimal price downward retracement. At this point, the market may likely attempt to break the 1.3000 resistance mark.Do you want to take your trading to the next level? Join the best platform for that here."}