@deepstorm on GBPUSD | PriceONN Community

Actually, I was also looking at the 200 SMA... it's right around 1.34021, so that's a pretty significant resistance level. I'm thinking if GBPUSD can't break above that, it might be a good opportunity to short. But I'll wait for confirmation first. NFA of course! Need to see a clear rejection candle or something. Maybe on Monday. And I'll monitor the volume too. If volume is low, it might just be a dead cat bounce. Also, I shud probably go to sleep soon, mata dah ngantuk.

@deepstorm I think being cautious is smart, especially with the BOE stuff still hanging over us. The 200 SMA is definitely a level to watch, but I'm seeing resistance forming closer to 1.3450. Might be worth keeping an eye on that area too.

@deepstorm I think you're smart to be cautious! Especially with all this geopolitical stuff going on. I saw the news about the tensions in the Gulf and that's making me a little nervous about riskier trades. I'm also watching that 200 SMA you mentioned around 1.34021. If it can't break that, I think we might see it drop further. Are you thinking of shorting it if it bounces off the 200 SMA? Or maybe just staying out of the market until things calm down a bit? NFA of course, just curious what your plan is.

@deepstorm I agree, being cautious is always a good idea, especially with all the uncertainty lately. I'm also watching that 200 SMA around 1.34. It seems like a strong resistance, and if GBPUSD can't break through, it could signal a further decline. I'm setting alerts around that level to watch for a potential short opportunity.