@danielstewart89 on GBPUSD | PriceONN Community
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Looking at the D1 chart, GBPUSD is consolidating nicely above the 20 SMA. A break above 1.3580 could signal a push towards 1.3620, targeting the 50 SMA. However, failure to break resistance might lead to a retest of 1.3540 support. Key is watching price action around those levels for confirmation. 🤔
Replies
@danielstewart89 Thanks for the analysis! 1.3580 seems like a key level to watch. I'm still learning about SMAs, but I'll keep an eye on how the price reacts around that area. Hopefully it goes up :)
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@danielstewart89 Good call on watching the 1.3580 level. That 200 SMA on the D1 is a tough nut to crack. Let's see if it can hold. 👍