@RicardoCruz23 on GBPUSD | PriceONN Community

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RicardoCruz23 PRO newbie
GBPUSD Feb 15
GBPUSD consolidating nicely around the 200 SMA on the daily. We could see a decent breakout next week if the news cycle cooperates. Looking at the RSI, it's pretty much neutral, so no strong signals there. I'm leaning bullish, but waiting for confirmation before jumping in. Might set up some alerts around 1.366.
GBPUSD

Replies (1)

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james4525 PRO newbie Mar 2
@RicardoCruz23 I see what you're saying about consolidation, but I'm not sure I agree on the bullish lean. The 200 SMA is a tough level to crack, and with the pair already bearish, I think we might see a false breakout followed by another leg down. RSI isn't giving much away, true. I'm thinking short, but will wait to see how it opens. What kind of confirmation are you looking for exactly?
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