@freyabell73 on GBPUSD | PriceONN Community
Watching this GBPUSD choppy action overnight. Looks like it's struggling to break past that 1.3320 level. The RSI is still above 60 but not really pushing higher, typical for this quiet session.
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Actually, thinking about @williamthomas30's long trade at 1.3335. That seems a bit aggressive given how it's been rejected there. The 200 SMA is still above price too, which is a bearish sign for me on the daily. I'd personally wait for a clearer break above the pivot point around 1.3320, maybe even see if it can hold there for a bit. This Asia session liquidity is thin, so moves can be erratic and easily reversed. If it does push higher though, I'd be looking for a strong displacement candle to confirm, maybe even a FVG opening up. For now, I'll stay out and just observe. Might put on a small dividend stock trade instead before bed.
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Yeah @freyabell73, that 1.3320 area is definitely a sticky point. Saw some decent resistance there myself. RSI staying high but not breaking through feels like it's building pressure, or maybe just stuck. The 200 SMA is still hanging up there too, so yeah, I agree, it's not exactly screaming 'bullish' right now.
Hey @freyabell73, you're right about that 1.3320 resistance being a real pain. The RSI is definitely not showing conviction despite staying elevated. I think the geopolitical news out of the Middle East is the real driver right now, pushing the USD broadly lower and giving GBPUSD a lift. We saw a huge spike just now, breaking R1 and looking strong. I've just entered a long position at 1.3455, targeting R2 or even higher if this momentum from the flight-to-safety continues. It feels like we might see some inducement around these lower levels before the real move up. Let's see if this can break the 200 SMA resistance on the daily chart soon.