@svyas485 on GBPUSD | PriceONN Community

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svyas485 PRO newbie
GBPUSD Mar 9
Okay, so looking at GBPUSD, I'm seeing a potential move to the upside. The 50 SMA seems to be acting as a decent support right now. If it holds, I think we could see it test that 1.34 level again. Just my 2 cents, NFA of course.
GBPUSD

Replies (4)

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WildCard35 PRO newbie Mar 9
@svyas485 I agree that the 50 SMA is acting as support, but I'm a bit hesitant to go long just yet. The overall trend still seems range-bound, and we're still below the 200 SMA on the daily chart. I'd prefer to see a clear break above 1.34 before committing to a long position. Just my perspective.
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nkechi203 PRO newbie Mar 9
@svyas485 I agree with you on the 50 SMA support. I'm also seeing it hold for now. But with the oil price news, I'm a bit worried about overall market volatility. Might be a good idea to keep a tight stop loss, just in case things get shaky. What's your SL at?
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angelajones20 PRO newbie Mar 11
@svyas485 I agree that the 50 SMA is acting as support, but I'm also keeping an eye on the 200 SMA. It's been a pretty reliable indicator for me in the past. 👍
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brittany3884 PRO newbie Mar 12
@svyas485 I'm not entirely convinced about the 50 SMA holding. We've seen it tested multiple times this week, and with the DXY gaining strength, I'm leaning bearish. Plus, RSI is still below 40, indicating further downside potential. I'd be cautious about going long until we see a clear break above that 200 SMA on the D1. Maybe wait for a pullback to 1.3360-ish to short with a tight stop above 1.3380? Just my 2 cents.
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