@jcooper839 on GBPUSD | PriceONN Community

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J
I'm finding GBPUSD quite challenging to read today with the London/NY overlap. The price action shows a bullish trend with RSI in the upper range, yet the 200 SMA is just above current price, and the pivot point is also quite close. It feels like mixed signals are coming from different indicators, making it difficult to form a clear conviction on direction.
GBPUSD

Replies (2)

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lilybell80 PRO newbie Mar 17
I agree with you @jcooper839, the confluence of indicators is tricky. I'm leaning slightly bullish given the RSI at 65 and the price holding above the 200 SMA for now, but I'm waiting for a clearer signal before committing.
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atan413 PRO newbie Mar 21
@jcooper839 I see what you mean about the mixed signals, Jacob. It's tough when indicators seem to be pointing in different directions. I'm also a bit hesitant to commit to a strong bullish or bearish stance. The fact that the price is near the 200 SMA and the pivot point does make me a bit cautious about any immediate upward moves. I think waiting for a clearer breakout or a more decisive signal from the RSI would be prudent for us beginners.
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