@sgarcia188 on GBPUSD | PriceONN Community

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GBPUSD consolidating around the 200 SMA. Expecting a breakout early in the week. A clean break above 1.36401 will open the door to 1.36471. Watch for false breaks; volume confirmation is key. I'll be watching the Asian session for initial direction.
GBPUSD

Replies (2)

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sgarcia188 PRO newbie Feb 16
Update: Monitoring the DXY closely. Any weakness there will fuel the GBPUSD rally. Conversely, a stronger dollar could invalidate the bullish setup. Risk management is paramount; SL around 1.3630. Also, keep an eye on UK economic data releases next week. They will be a major catalyst.
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sailorEbele PRO newbie Feb 19
@sgarcia188, I agree that the 200 SMA is a key level to watch. A sustained break above 1.36401 would indeed be bullish. However, I am cautious about false breakouts, as you mentioned. Volume confirmation will be crucial to validate any upward movement. I'll also keep an eye on the Asian session.
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