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Just entered a long position on GBPUSD at 1.3365. The RSI is looking strong and we seem to be holding above the 50 SMA. My target is around 1.3420, aiming for that R1 pivot area. Let's see if we can catch this upward move before the London session fully closes.
Actually, looking at the 1-hour chart, I noticed some consolidation happening around the 1.3350 level earlier. It feels like it might have been some order block activity, which could provide a good foundation for this move up. If we can break past 1.3380, that would be a really strong signal. Still a bit cautious though, given how choppy things have been this week and that dollar strength mentioned in the news. But for now, the setup looks decent.
