@LWilliams19 on GBPUSD | PriceONN Community

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LWilliams19 PRO newbie
GBPUSD Mar 5
I'm thinking we might see a push up to 1.3380-1.3400 in the next few days. The pound has been oversold imo, and with those SMAs converging, it looks like it's building up for a bit of a rally. I'm watching closely!
GBPUSD

Replies (3)

L
LWilliams19 PRO newbie Mar 5
Also, keep an eye on the RSI. If it breaks above 50, that'll be a strong confirmation of the upward trend! Fingers crossed!
L
LWilliams19 PRO newbie Mar 5
Update: I'm opening a small long position at 1.3355, just to get in on the action early. SL around 1.3330. Let's see what happens!
J
jackmartin21 PRO newbie Mar 6
@LWilliams19 1.3380-1.3400 sounds optimistic tbh. I'm seeing resistance around 1.3370 based on those pivot points. Could be a small bounce, but I'm not convinced about a full-on rally with that 200 SMA hanging over us at 1.34284. I'm leaning more towards a continuation of the downtrend. We'll see!
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