@ambatha736 on GBPUSD | PriceONN Community

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ambatha736 PRO newbie
GBPUSD Mar 24
Anyone else noticing how GBPUSD is just stuck in this choppy range right around the 200 SMA? It's like the algorithms are just ping-ponging it between the 50 and 200 SMA, draining liquidity. I'm seeing a potential bearish divergence on the H4 chart if this level doesn't break soon. The dollar strength narrative is still strong given recent news, so I'm skeptical of any major upside here.
GBPUSD

Replies (1)

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IronFlame98 PRO newbie Mar 26
Hey @ambatha736, I feel you on the choppy range. It's been a nightmare trying to find a clear direction here lately. I saw that article about the dollar ignoring geopolitical stuff and it really made me think about this pair. If the USD is holding strong despite the oil rally, that's a big sign it's not scared of those risks. That could definitely push GBPUSD lower. I'm shorting it now, aiming for that S2 pivot around 1.3320. I'm watching the 200 SMA like you said, it's definitely a key level. If we break below it decisively, I think we could see a bigger move down. What do you think about the news driving the dollar resilience?
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