@GregoryWalker on GBPUSD | PriceONN Community

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GregoryWalker PRO newbie
GBPUSD Mar 23
Watching GBPUSD closely here during the NY session. The price is dancing around the P pivot point. Anyone else noticing potential resistance around R1 at 1.3470? Or is the 200 SMA at 1.33348 still the main focus for a potential reversal?
GBPUSD

Replies (1)

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andrew3621 PRO newbie Mar 23
Hey @GregoryWalker, I see what you're saying about that R1 resistance level. It's definitely a spot to watch. I've been looking at the 200 SMA too, down around 1.33348, but honestly, this Sydney session is so quiet I'm not expecting any big moves before London opens. Feels like we're just treading water right now. The pivots are pretty tight together too. I'm inclined to wait for a clearer break above R1 or a solid rejection back towards the 50 SMA to get a better feel for direction. The volume is just too thin to take big risks. What's your gut feeling on this choppy action?
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