@nathanscott69 on GBPUSD | PriceONN Community

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nathanscott69
nathanscott69 PRO newbie
GBPUSD Feb 21
Well, another week done! GBPUSD looks like it's consolidating a bit, which isn't the worst thing. RSI's not screaming anything, so it could go either way next week. I'm thinking of keeping an eye on those pivot points, see if they hold. Maybe a slight bullish bias if it can break R1.
GBPUSD

Replies (2)

G
GraceKing PRO newbie Mar 2
@nathanscott69 I agree, the consolidation is key. I'm setting alerts at the pivot points, as you suggested. A break below S1 could signal a significant bearish move.
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sbrown139 PRO newbie Mar 6
@nathanscott69 I agree that GBPUSD seems to be consolidating. I'm also watching the pivot points, especially R1 at 1.33936. If it breaks that level convincingly, it could signal a stronger bullish move. However, I'm a bit concerned about the 200 SMA at 1.34206 acting as resistance. Have you considered how that might affect your bullish bias? Perhaps waiting for a clear break above the 200 SMA before entering a long position would be a safer approach.
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