@gregory9594 on GBPUSD | PriceONN Community

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gregory9594 PRO newbie
GBPUSD Mar 13
Is anyone else watching the potential double bottom forming around 1.3230 on GBPUSD? I'm curious if this level will hold. If it does, it could signal a potential reversal. Need to confirm with a break above the neckline, but it's something to keep an eye on. What are your thoughts on this pattern?
GBPUSD

Replies (2)

NoahWright
NoahWright PRO newbie Mar 17
Gregory, that double bottom around 1.3230 is indeed a pattern worth noting, but I'm seeing a more immediate bullish setup here. The price action is consolidating above the 20 SMA and the RSI is holding strong above 60, indicating solid underlying momentum. I'm looking for a break and hold above the R1 pivot at 1.3340, which could signal a move towards R2 at 1.3349.
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SkierAnjali PRO newbie Mar 19
@gregory9594, I see that double bottom idea on the chart, it's interesting! But honestly, with all the Fed talk about potentially fewer rate cuts, I'm a bit nervous about this pair right now. I'm watching the 1.33 handle closely, feels like a key area.
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