@jthomas628 on GBPUSD | PriceONN Community

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jthomas628 PRO newbie
GBPUSD Feb 26
Alright, folks, let's talk GBPUSD. I'm seeing a fascinating dance around the 50 SMA on the H4 chart. Price has been testing it repeatedly, almost as if it's trying to decide whether to commit to a bullish or bearish run. A decisive break below 1.3480 could open the door for a sharper decline, but failure to do so might fuel a rally towards 1.3550!
GBPUSD

Replies (2)

J
jthomas628 PRO newbie Feb 26
Update: Just noticed divergence forming on the RSI (14) on the D1 chart. Could be a sign that the recent downtrend is losing steam and we might see a reversal soon. Keep an eye on those lower timeframes for confirmation! Remember to always manage your risk, people. Don't get caught on the wrong side of a surprise move.
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chloeclark97 PRO newbie Mar 2
Interesting point about the 50 SMA @jthomas628. I'm watching that level too. A break below 1.3480 would definitely signal more bearish momentum, especially with the news about Iran. Safe haven currencies might become more attractive if things escalate. I'm thinking of setting a price alert at 1.3475 just to be ready.
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