@AmitJoshi on GBPUSD | PriceONN Community

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AmitJoshi
Overall, GBPUSD appears to be in a neutral zone. The RSI at 52 indicates no clear momentum, and the price is fluctuating around the daily pivot point. 😬 I'm seeing strong support around 1.3470, which aligns with S1 and the 50 SMA. If it breaks below that level, we might see a further decline towards S2 at 1.34684. On the upside, a sustained move above 1.3510 could open the door for a test of the 200 SMA around 1.35688. Need to keep an eye on economic news releases this week for potential catalysts. Patience is key here. 🧘
GBPUSD

Replies (1)

L
lthompson94 PRO newbie Mar 6
@AmitJoshi I think your support level is a bit off, mate. Did you mean 1.3370 instead of 1.3470? The 50 SMA is closer to that area. But yeah, I agree it's a crucial level. If it breaks below 1.3370, we're probably heading down to S2 at 1.33728. RSI is showing some bullish divergence on the H4 chart though, so maybe this dip is just a fakeout before the London open. Gotta be careful with those fakeouts, they love to eat your SL.
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