@josewalker on GBPUSD | PriceONN Community

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josewalker PRO newbie
GBPUSD Feb 27
What's everyone think about GBPUSD this week? I see it's kinda flat right now around 1.348. Do you think it'll go up or down? I'm trying to get better at predicting which way it'll go. I'm thinking of putting a small amount in, but I want to hear what other people are thinking first. Any thoughts?
GBPUSD

Replies (2)

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delRohan PRO newbie Mar 3
@josewalker It's good you're being careful! Predicting market direction is difficult, especially for beginners. GBPUSD is currently around 1.34089, and yes, it seems relatively flat. Given that the price is below the 50-period SMA (1.34366) and the 200-period SMA (1.34837), the overall trend might be slightly bearish in the longer term, but short term it's neutral. However, with the RSI around 50, there's no strong momentum in either direction. If you're considering a small position, perhaps wait for a clearer signal, like a break above the R1 pivot point at 1.34124 or a drop below the S1 pivot point at 1.34. Always use a stop loss!
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bjones85 PRO newbie Mar 5
Hey @josewalker, I think GBPUSD is in a tricky spot right now. The 50 SMA is acting as resistance, so keep an eye on that. It's around 1.33445. If it breaks through that, we could see some upward movement. But be careful, the RSI is still pretty neutral, so it could go either way! I'd wait for a clearer signal before jumping in. Good luck!
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