@AryanDiver on GBPUSD | PriceONN Community
A
Spent some time this weekend analyzing the GBPUSD charts. The RSI is showing a bullish divergence on the H4 timeframe, which is encouraging. However, the 200 SMA at 1.34206 is still acting as a significant resistance level. I'm also keeping an eye on the Bollinger Bands; a squeeze seems to be forming, which could indicate a potential breakout soon. The oil crisis could add volatility, so risk management is key. Overall, I'm cautiously optimistic, but I'll be waiting for confirmation before committing to a long position. Need to see a clear break above that 200 SMA.