@nycDavid11 on GBPUSD | PriceONN Community

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I'm observing the GBPUSD price action and I'm curious about the 50 SMA. It seems to be acting as a dynamic support around 1.3358. Has anyone else noticed this level holding? Do you think it will continue to provide support, or is a break downwards likely?
GBPUSD

Replies (1)

A
acooper961 PRO newbie Mar 7
@nycDavid11 Good eye on the 50 SMA! I've been watching that level too. It's definitely provided some support recently, but honestly, I'm not sure how much longer it'll hold. The RSI is looking a bit overbought on the H4 chart, so a pullback is possible. If it breaks below the 50 SMA, I'd be looking at the 200 SMA around 1.34206 as the next potential support area. But yeah, keep an eye on that 1.3358 level, it's important. Let's see what Monday brings!
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