@DanielNelson on GBPUSD | PriceONN Community
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Looking at GBPUSD now, it's hovering around 1.3358, which is just above that 200 SMA and near the R1 pivot. It's been a bit of a choppy session, not exactly the clear bullish trend I was hoping for after the initial push. The RSI is still in that bullish territory, around 65, but it's not breaking out higher, which makes me a bit cautious. I'm wondering if we'll see it consolidate here for a bit, maybe test that 1.3348 support level again before making a decisive move. If it can hold above the 200 SMA and the pivot point, I think there's a good chance it could aim for 1.3370-1.3380 next week. But, given the news about EUR/CHF showing upward momentum, I'm also keeping an eye on how the broader currency market is reacting. A lot depends on the dollar's next move, and with all the geopolitical stuff, that's anyone's guess. I'll probably wait for a clearer signal, maybe a break above 1.3370 with good volume, before committing to a long position.