@mgarcia69 on GBPUSD | PriceONN Community

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M
What's everyone's sentiment on this current GBPUSD move? We're testing the 1.34 level again, and I'm seeing mixed signals. The 200 SMA is acting as resistance but the overall trend still looks bearish to me. I'm tempted to go short but also wary of a potential fakeout. I'm thinking maybe waiting for a confirmed break below 1.3380 before committing. Or maybe waiting for the US data later today... Anyone have any thoughts or see something I'm missing? Maybe I should just go grab some lunch and clear my head first, haha.
GBPUSD

Replies (1)

R
RyanS22 PRO newbie Mar 16
Hey @mgarcia69, I hear you on the mixed signals. This 1.34 level has been a stubborn one for a while now, and seeing the 200 SMA still sitting above the current price does make me a bit hesitant about a long position right now. It's that classic battle between short-term momentum pushing up and longer-term resistance holding strong. I've been looking at the RSI, and while it's sitting in bullish territory around 64, it's not screaming 'buy' either. It feels like we might need a clearer catalyst, maybe from some UK economic data or even just sustained volume through the overlap session, to really break this zone decisively. I'm leaning towards waiting for a confirmed break and retest of 1.3450 before considering a long, or watching for a clear rejection and a return towards the 1.33 support.
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