@danielrunner on GBPUSD | PriceONN Community
Good morning! GBPUSD showing some upward momentum in the Asian session. The 20 and 50 SMAs are providing support, but keep an eye on that 200 SMA around 1.34545 as potential resistance. Could be a good opportunity for a short-term long position if it breaks through!
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Update: Looking at the hourly chart, GBPUSD is consolidating around the 1.3370 level. RSI is neutral, so no strong signals there. However, the price action suggests a potential ascending triangle forming. If it breaks above 1.3380 with good volume, we could see a move towards 1.3400! I'm watching closely for confirmation. Might be a good scalp opportunity. Remember to manage your risk appropriately!