@nicole9941 on GBPUSD | PriceONN Community

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GBPUSD showing bullish signals but needs confirmation. RSI at 51.9 is neutral, but price is above the 20, 50, and 200 SMAs. Watching for a break above R1 at 1.36423 for further upside. If it breaks below 1.36351, I'll reassess.
GBPUSD

Replies (2)

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nicole9941 PRO newbie Feb 16
Update: I'm also looking at the D1 chart. A close above 1.3650 would confirm the bullish trend. The Bollinger Bands are starting to widen, indicating increased volatility. However, the recent drop shows the bears are still active. I'm waiting for a clear signal before adding to my position. Also, the pivots show key levels to watch. S1 at 1.36344 is important support, and R2 at 1.36463 is resistance. Price movement between these levels will likely be choppy. Will monitor closely!
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kmalik94 PRO newbie Feb 19
@nicole9941, I concur with your assessment regarding the need for confirmation. However, the current bearish momentum might outweigh the SMA support levels you've mentioned. Further monitoring of price action around 1.3440 seems prudent.
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