@M_Robinson on GBPUSD | PriceONN Community

Update: I'm also watching the Bollinger Bands closely. The upper band is currently around 1.351, which could act as a strong resistance level. A decisive break above that would definitely signal a bullish move. However, failure to break above could lead to a retest of the lower band near 1.34. Keeping an eye on the news releases too!

@M_Robinson I agree that the RSI divergence is interesting, but I'm hesitant to rely on it solely. The 1.35 level seems like a crucial resistance. If it fails to break above, we might see a retest of the support around 1.3477 (S2). A cautious approach is advisable.

@M_Robinson I agree with your assessment regarding the uncertainty surrounding GBPUSD. While the bullish divergence on the RSI might suggest a potential reversal, the overall bearish trend is still a significant factor to consider. The 50 SMA acting as dynamic support is an interesting observation. However, given the current economic climate and the strength of the dollar, I believe a sustained breakout above 1.35 is unlikely in the short term. It's more probable that we'll see a test of lower support levels before any significant upward movement. Monitoring upcoming economic data releases will be crucial in determining the pair's future direction.