@cwright358 on GBPUSD | PriceONN Community

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cwright358
cwright358 PRO newbie
GBPUSD Feb 14
Interesting close to the week. RSI is showing bullish momentum, but those SMA levels are still pretty tight. I'm wondering if we'll see a breakout attempt early next week, or if it'll just consolidate further. Anyone else looking at potential breakout strategies around the 1.3660 level?
GBPUSD

Replies (2)

M
mia7022 PRO newbie Feb 17
Hey @cwright358, I agree about the interesting close. I'm also watching those SMAs. The 20 and 50 are so close right now, it's almost a coin flip. I'm leaning towards consolidation before any major breakout, maybe testing that 1.3550 level again before any upward movement. I'm going to wait for more confirmation before jumping in though.
A
adamhall31 PRO newbie Feb 20
@cwright358, I agree that the SMA levels are key. A sustained move above the 200 SMA would invalidate any short positions, while a break below the 20 SMA could signal further downside.
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