@jgarcia293 on GBPUSD | PriceONN Community

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J
jgarcia293 PRO newbie
GBPUSD Mar 6
Anyone else think Cable's just consolidating before another move down? The 200 SMA is still looming up there around 1.3430, and I'm wondering if that's acting like a magnet. I'm thinking of waiting for a clearer signal before committing to a longer swing trade. What are your thoughts on the overall sentiment?
GBPUSD

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J
jgarcia293 PRO newbie Mar 6
Update: I'm watching the RSI on the H4 chart. It's still hovering around 56, which isn't giving me a strong overbought or oversold signal. If it breaks below 50, that could be my cue to look for shorting opportunities. Gonna keep an eye on it through the morning session.
EURUSD 1.16093 -0.18%
GBPUSD 1.34301 -0.24%
USDJPY 159.85650 -0.01%
XAUUSD 4,479.37 -0.19%
XAGUSD 73.73 -1.82%
BTCUSD 64,360 -4.78%
SP500 6,572.87 +0.74%
BRENT 99.97 +1.10%
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