@sheetal2959 on GBPUSD | PriceONN Community
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Okay, so, next week I'm kinda thinking GBPUSD might try to push past that 1.37 resistance. Seems like it's been building up steam. Fingers crossed!
Replies
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@sheetal2959, while I appreciate your enthusiasm, I would exercise caution with such a prediction. 1.37 is a significant level, and the pair has struggled to overcome it in the past. It may be worthwhile to wait for confirmation before committing to a long position. Best of luck!
@sheetal2959 I appreciate your optimism regarding a push past 1.37! It's certainly possible, but I'd advise caution and waiting for confirmation before jumping in. A break above 1.3505 would be the first hurdle, and even then, the 200-day SMA looms large around 1.3580. The RSI is currently neutral, so it's not providing any strong signals at the moment. Perhaps wait for a confirmed breakout with increasing volume before committing to a long position. Just my two cents, of course!
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@sheetal2959 1.37 is quite ambitious! I'm seeing more bearish signals, especially with the RSI still below 50. But hey, anything can happen in forex!