@samuel2000 on GBPUSD | PriceONN Community
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This GBPUSD pair is just sitting here. The 50 SMA is still above the current price around 1.3395, acting as resistance. Not much movement in this Sydney session, feels like we're just consolidating before any real action. The 200 SMA at 1.3342 is also quite close, so it's a bit of a tug of war zone right now.
Replies
Hey @samuel2000, I hear you on the consolidation. It feels like GBPUSD is just stuck between the 50 SMA resistance you mentioned and that pivot point around 1.3254 that @miahall42 brought up. I'm a bit wary of the dollar strengthening too, especially with the tensions we're seeing globally, which could push this pair lower. I'm watching closely to see if that 1.32 support holds, but I'm not jumping in until there's a clearer signal.