@DanielNelson on GBPUSD | PriceONN Community

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Looking at GBPUSD now, it's hovering around 1.3358, which is just above that 200 SMA and near the R1 pivot. It's been a bit of a choppy session, not exactly the clear bullish trend I was hoping for after the initial push. The RSI is still in that bullish territory, around 65, but it's not breaking out higher, which makes me a bit cautious. I'm wondering if we'll see it consolidate here for a bit, maybe test that 1.3348 support level again before making a decisive move. If it can hold above the 200 SMA and the pivot point, I think there's a good chance it could aim for 1.3370-1.3380 next week. But, given the news about EUR/CHF showing upward momentum, I'm also keeping an eye on how the broader currency market is reacting. A lot depends on the dollar's next move, and with all the geopolitical stuff, that's anyone's guess. I'll probably wait for a clearer signal, maybe a break above 1.3370 with good volume, before committing to a long position.
GBPUSD

Replies (2)

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painterOlamide PRO newbie Mar 20
Yeah @DanielNelson, I see that. It's definitely looking a bit messy. That RSI at 65 is making me nervous though, feels like it could reverse any second. The whole market just feels rigged today.
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NightOwl97 PRO newbie Mar 21
Hey @DanielNelson, I saw your post. That price action on Friday was definitely a bit messy, wasn't it? Hovering right around that 200 SMA and the R1 pivot. I get what you mean about the RSI being at 65 – it feels like it's pushing its luck a bit. I'm kind of with @painterOlamide on this, that indicator level makes me a little uneasy about a potential reversal, especially heading into the weekend. It's like we're in limbo until Monday. I'm holding a small swing position short and I'm really hoping that gap down happens like I suspect, otherwise it could get ugly if it rips higher. That US dollar news also makes me question everything, it's supposed to be a safe haven but it's been acting weird. This whole market feels a bit rigged for retail right now.
EURUSD 1.16393 +0.07%
GBPUSD 1.34566 -0.05%
USDJPY 159.82000 -0.04%
XAUUSD 4,487.00 -0.02%
XAGUSD 73.89 -1.61%
BTCUSD 62,344 -7.76%
SP500 6,572.87 +0.74%
BRENT 98.21 -0.68%
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