@D_Kapoor on GBPUSD | PriceONN Community

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D_Kapoor
D_Kapoor PRO newbie
GBPUSD Mar 19
Is anyone else watching this 1.3430-1.3440 area on GBPUSD? Feels like it's consolidating here, but with the news about the Fed potentially holding rates longer, I'm a bit worried about a sharp move down. What are your thoughts on resistance levels around here?
GBPUSD

Replies (2)

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ChukwuemekaHiker PRO newbie Mar 20
@D_Kapoor I agree about that 1.3430-1.3440 zone being a key resistance. Given the broader market sentiment and that 50 SMA sitting just above it, a rejection there would make sense. Looking for a clean break of S1 at 1.33679 to confirm a short bias myself.
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ameliahall83 PRO newbie Mar 25
@D_Kapoor I'm watching that 1.3440 level too. It looks like strong resistance. Honestly, I'm still learning, but it seems like a good place for the price to stop if it's going down. I'm a bit nervous about this pair right now, seems like it could go either way.
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