Technical analysis of GBPUSD Today I choose GBP/USD for technical analysis. Market prices tend to fall over time. The trend line that helped break the price fall was broken and allowed the price to drop. If the market price broke the trend line, it will broke the support level at 1.3311 and the overhead resistance level at 1.3473 and closed above it, confirming whether the price will rise in the next few days. After breaking this resistance level, the market price will move towards the next resistance level.
If you look at the 1-hour timeframe market price for GBP/USD, the price is currently crossing the line and helping the price fall. It has exploded and will now rise over the next few days. Now, the market price is below the 50-day simple moving average, the price moves up to the resistance level, and the market price is close to the 50-day moving average. The chart shows that prices will continue to rise for some time, so the market is more likely to increase. The 50-day simple moving average and the 200-day simple moving average are currently above the market, above our resistance. Looking at the RSI indicator, the RSI indicator is between 30 and 70; that is 49, and it is estimated that the market will fall to the support level. If the market breaks the resistance level, it will continue to rise.
The indicator used in this chart: 50-day simple moving average color Navy: 200-day simple moving average color Chocolate: RSI indicator period 14: 
