@bonganizulu47 on GBPUSD | PriceONN Community

Hey @bonganizulu47, yeah that 1.33 level for GBPUSD can be tricky, especially when you're starting out. It's not always a clean bounce or a straight breakdown. Sometimes it's just noise, like you said with the weird wicks. What I usually look for is confirmation, like if price can hold below 1.33 for a bit, or if it decisively breaks through and closes a candle on the H4 or D1 chart past it. Right now, looking at the chart, it seems like 1.33 is acting more like a resistance zone than solid support. The price action has been pretty weak, pushing lower. The SMAs are also pointing downwards, and RSI is deep in oversold territory which could mean a bounce is possible, but it doesn't guarantee it. Smart money might be pushing it lower to sweep the lows before any potential reversal. Be patient and wait for clearer signals.