@FinleyA45 on GBPUSD | PriceONN Community
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Interested in other traders' views on GBPUSD for the coming week. SMA20 is just below current price. RSI is pretty neutral. Are we expecting a breakout soon, or will it consolidate further? Any thoughts on key levels to watch?
Replies
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update: thinking 1.3530 area could be a key support level to watch if it drops. might place a buy order there
Hi @FinleyA45, I agree that the SMA20 is an important level to watch. Given the current bearish pressure, a breakout below could confirm further downside. I'm also keeping an eye on the RSI for any divergence, but it's still early.
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Hey @FinleyA45, I'm also watching GBPUSD closely this week. That SMA20 is interesting, but the 50 is still way above, right? I'm not sure about a breakout yet tbh. Looks like it might consolidate between 1.34 and 1.35 for a bit. If it breaks below 1.34, I'm def going short. Otherwise, maybe a small long scalp if it bounces off the 1.34 support. Just my 2 cents, I'm no expert!
@FinleyA45 I agree, the RSI is neutral. I'm watching the SMA200 at 1.3581 as a key resistance level. If GBPUSD can break above that, we might see a significant bullish move.
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@FinleyA45, I agree that the SMA20 is a key level to watch. If it breaks convincingly, we might see some upward momentum. However, given the overall market uncertainty, I'm hesitant to predict a strong breakout just yet.