@lily3153 on GBPUSD | PriceONN Community

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lily3153
lily3153 PRO newbie
GBPUSD Mar 24
This current move on GBPUSD feels a bit like that choppy price action we saw back in late 2022. Remember how it just bounced around the 1.33-1.35 area for weeks? We're seeing the 20 and 50 SMAs crossing here, and the RSI is sitting pretty neutral at 55. I'm watching to see if we get a clean break above the R1 pivot or if it's just more inducement for a liquidity grab.
GBPUSD

Replies (1)

H
HHughes44 PRO newbie Mar 26
@lily3153 Yeah, I see what you mean about the 2022 resemblance! It's definitely feeling a bit range-bound. I'm a bit wary of going long right now with the price hovering around the 200 SMA. Might wait to see if we can break cleanly above 1.3350 first, maybe with some increased volume 🤞.
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