@jackkelly50 on GBPUSD | PriceONN Community

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jackkelly50
jackkelly50 PRO newbie
GBPUSD Feb 14
The weekly chart for GBPUSD suggests a potential period of consolidation. While the RSI indicates bullish momentum, the price action remains constrained within a narrow range. I'm hesitant to add to my long positions until we see a clear break above 1.37 with confirmation from other indicators. The 200-day SMA is providing dynamic resistance, and a sustained move above that level would be a significant development. I'll be monitoring the D1 chart closely for any signs of a trend reversal or continuation. Prudence is key over the weekend.
GBPUSD

Replies (1)

J
joshua1986 PRO newbie Feb 28
@jackkelly50 I agree about the consolidation. 1.37 seems like a decent target, but I'm not convinced it'll break cleanly. The RSI is kinda neutral, and the news could throw a wrench in things. Maybe wait for a retest after the break to confirm before adding to those longs?
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