{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/gbpusd-price-action-is-attempting-to-change-bearing\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/gbpusd-price-action-is-attempting-to-change-bearing\/","headline":"GBPUSD Price Action Is Attempting to Change Bearing","name":"GBPUSD Price Action Is Attempting to Change Bearing","description":"Price movements in the GBPUSD have been in a relative uptrend since March 13th till now. At this point, it appears that price action is shaping to take a new course here. Let’s carefully analyze this market for a better understanding. Major Price Levels: Top Levels: 1.2380, 1.2400, and 1.2420 Floor Levels: 1.2360, 1.2340, and […]","datePublished":"2023-04-11","dateModified":"2023-04-11","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\/Pound-up.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/Pound-up.jpg","height":640,"width":960},"url":"https:\/\/forexschoolonline.com\/gbpusd-price-action-is-attempting-to-change-bearing\/","about":["Article","FX Technical Analysis","GBP\/USD"],"wordCount":258,"keywords":["Forex","gbpusd","Technical Analysis"],"articleBody":"Price movements in the GBPUSD have been in a relative uptrend since March 13th till now. At this point, it appears that price action is shaping to take a new course here. Let’s carefully analyze this market for a better understanding.Major Price Levels:Top Levels: 1.2380, 1.2400, and 1.2420Floor Levels: 1.2360, 1.2340, and 1.2320GBPUSD Lands on an Important Support LevelThe last price candle on the GBPUSD market has touched the support formed by the middle limit of the Bollinger Bands. Meanwhile, the Stochastic Relative Strength Index (RSI) indicator lines have continued to trend downward. The lines of this indicator seem to have attempted to deliver a reversal earlier, but the recent development in price action seems overwhelming. Although it appears that the price may retrace lower on this front, we are still at what seems like the initial stage.GBPUSD Is Increasing in Bearish MomentumOn the 4-hour market, the GBPUSD price action seems to have been bearish for some time now. Consequently, it only appears that the price action has increased in its bearish characteristics. The latest price developments seem to have caused the RSI indicator curves to quickly fall into the depths of the oversold region. Also, price action has fallen for some time now below the middle limit of the Bollinger Bands and has kept increasing in bearish momentum ever since. Therefore, it appears that GBPUSD may have effectively changed its path and may retrace the 1.2345 mark soon.Do you want to take your trading to the next level? Join the best platform for that here."}