@rgupta172 - GBPUSD | PriceONN Topluluk
R
I'm trying to understand the best approach for analyzing GBPUSD right now. The price action is choppy, making it difficult to establish a clear bias. On the daily chart, the 200 SMA is acting as resistance around 1.36236. A break above that level could signal a potential trend reversal. However, the short-term moving averages suggest continued bearish pressure. I'm considering using Fibonacci retracement levels to identify potential support and resistance zones, but I'm unsure which swing highs and lows to use. Any suggestions on how to refine this analysis?