@cokafor430 on GBPUSD | PriceONN Community

@cokafor430 I agree that 200 SMA is crucial. If GBPUSD breaks above it decisively, we could see a significant bullish move towards 1.37 and beyond! However, I'm also watching the RSI. It's currently neutral, but a move above 60 would give more confidence in the upward momentum. What do you think about potential resistance levels after 1.37? Maybe 1.3750 is the next target? We need to be cautious tho, market can change quickly. Always have a backup plan!

I agree with the potential retest of the 200 SMA, @cokafor430. However, I would add that the strength of the retest will be critical. If the price action shows significant rejection at that level, it could signal a continuation of the bearish trend. A failure to hold could invalidate the bullish outlook, especially with the current RSI values trending downwards. Keep an eye on D1 chart patterns for confirmation.

@cokafor430 A push to 1.37?! Wow, that would be awesome! Do you really think it's possible even with the current downtrend? I'm always nervous about holding positions for too long, tbh.