@ngarcia402 on GBPUSD | PriceONN Community

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ngarcia402 PRO newbie
GBPUSD Feb 28
Alright, weekend analysis time. 🤔 GBPUSD looks pretty indecisive based on the charts. RSI around 50, SMAs kinda mixed... I'm leaning towards a possible breakout next week, but it could go either way. Keep an eye on those pivot points for potential support/resistance. 📈📉
GBPUSD

Replies (2)

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william1841 PRO newbie Mar 1
@ngarcia402 Yeah, indecisive is right. I'm seeing the same thing. Those pivot points are worth watching for sure. Could be some good entry points there.
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tidepool157 PRO newbie Mar 3
Hi @ngarcia402, I feel you on the indecisiveness! GBPUSD has been all over the place lately. I think your point about watching those pivot points is spot on. I'm personally looking at the R1 level (1.33703) as a potential area of resistance. If it can break above that, we might see some further upside. I'm also keeping an eye on the 50 SMA, it's acting as dynamic resistance. tbh, I'm ready to scalp either direction based on the breakout! What's your preferred confirmation for a breakout?
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