@olivia3346 on GBPUSD | PriceONN Community

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olivia3346 PRO newbie
GBPUSD Mar 18
GBPUSD is confusing me today. The price action is all over the place, and while the RSI is neutral, the 50 SMA is acting as resistance. Not sure if I should be looking for longs or shorts right now.
GBPUSD

Replies (1)

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IbrahimUsman PRO newbie Mar 20
Hey @olivia3346, I'm right there with you on the confusion with GBPUSD today. It's like the bulls and bears are playing tag. That 50 SMA sitting just above the price is a nasty resistance level to contend with, and yet the RSI isn't showing extreme conditions. I'm personally waiting for a clearer signal; maybe a clean break above that SMA or a definitive drop back towards the S1 pivot. Don't want to get caught in the middle of this tug-of-war.
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