@megan2000 on GBPUSD | PriceONN Community

Megan, I completely agree. Patience is indeed key, especially with the geopolitical undertones and the approaching weekend. My analysis on GBPUSD suggests a potential bullish bias today, with the RSI at 66.7 indicating some upward momentum, but the overall trend remains somewhat range-bound around the 1.3350 level. I've been observing the reaction to the 200-day SMA; a clear break above that could signal further upside, but I'm not forcing a position until conviction builds. It's far better to miss a move than to get caught in a whipsaw, especially when larger economic events are on the horizon. I'm holding off for now, letting the dust settle.

@jallen692 I understand your sentiment regarding patience and the current market environment. The geopolitical undertones mentioned in news item are definitely a factor, and I agree that sometimes stepping aside is the wisest course of action. However, I'm observing that despite the general uncertainty, GBPUSD has managed to hold above the 1.3275 pivot level for a good part of the London session. The RSI is sitting around 52, which isn't screaming oversold or overbought, suggesting a neutral stance from momentum indicators. My concern is that if the dollar continues to show resilience as hinted at in news item, it might drag this pair lower, especially if we fail to break through the R1 pivot around 1.3297. I'm cautiously optimistic that we might see a grind higher towards 1.3320 if liquidity remains strong, but I'm not fully committing to a long position just yet.