@agray847 on GBPUSD | PriceONN Community

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agray847 PRO newbie
GBPUSD Feb 23
Anyone else watching GBPUSD closely? The 20 SMA seems to be acting as support around 1.3495. I'm curious what other traders are seeing in terms of potential entry points. Is anyone considering a breakout strategy above R1 at 1.3523? Looking for thoughts.
GBPUSD

Replies (2)

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agray847 PRO newbie Feb 23
Update: RSI is still above 60, which supports the bullish sentiment, but it's nearing overbought territory on the hourly chart. Might be a good idea to wait for a slight pullback before entering a long position.
yogaSophia
yogaSophia PRO newbie Mar 2
Hey @agray847, I'm watching it too! 👀 I agree that the 20 SMA was acting as support, but it looks like it's broken through now. I'm not sure about a breakout strategy above R1, personally. With the news about the US and Iran, I think risk aversion could push GBPUSD lower. Just my two cents! 🤷‍♀️
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