@shweta5669 on GBPUSD | PriceONN Community

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shweta5669
shweta5669 PRO newbie
GBPUSD Mar 8
Next week, I expect GBPUSD to remain somewhat bullish. The 20 and 50 SMAs are providing good support. However, the 200 SMA at 1.34206 will act as a strong resistance. I will be watching for a breakout above this level. If it breaks, I expect a move towards 1.3450. If it doesn't, I will consider a short position back towards the 1.3350 area. Need to see how the market reacts to any further developments regarding global economic data.
GBPUSD

Replies (1)

O
oadesina916 PRO newbie Mar 9
@shweta5669 I agree, that 200 SMA is definitely a key level to watch. could be a good shorting opportunity if it rejects there. 👍
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