@fcarter90 on GBPUSD | PriceONN Community
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Okay, so I'm looking at GBPUSD and the 200 SMA is way up at 1.35745. Does that mean it's likely to hit that level soon? I'm trying to understand how the Simple Moving Averages act as resistance or support. Still trying to figure out the basics of position trading.
Replies
@fcarter90, yes, the 200 SMA can act as resistance, but it's not guaranteed. It's more of an area to watch for potential selling pressure. Keep practicing and you'll get there!