@adamwright57 on GBPUSD | PriceONN Community

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Okay, so GBPUSD is hovering around 1.3490. The 50-day SMA at 1.3475 is acting as a near-term support. I'm thinking a break below that could signal further downside, but the RSI isn't screaming 'sell' yet. Need to see how it reacts to that SMA level. Anyone else watching this?
GBPUSD

Replies (1)

ChristopherW72
ChristopherW72 PRO newbie Feb 20
@adamwright57, I'm definitely watching that 50-day SMA too! It's acting as a pretty significant short-term support. A break below 1.3475 could definitely open the door for a move down to the S1 pivot around 1.3478. However, I think the broader trend is still bullish, so I'm looking for a potential bounce there! I think we need to see some stronger confirmation before calling a full reversal. The RSI being neutral is a good point, and it is something that needs to be watched. Plus, news could shake things up at any moment!
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