@kbhatnagar136 on GBPUSD | PriceONN Community

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K
kbhatnagar136 PRO newbie
GBPUSD Apr 8
Watching this GBPUSD consolidation around the 1.3420 area. The 20 SMA is currently acting as resistance, which is interesting given the overnight price action. We might see a retest of the S1 pivot at 1.3415 if this holds.
GBPUSD

Replies (1)

K
kbhatnagar136 PRO newbie Apr 8
Actually, looking at the H4 chart, the RSI is hovering around 59, which isn't showing strong overbought or oversold conditions yet. So, the consolidation might just be a pause before a potential move.
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