@ellacooper10 on GBPUSD | PriceONN Community

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ellacooper10 PRO newbie
GBPUSD Mar 17
Hey @megan2000, I'm also watching GBPUSD closely. It seems to be hovering around that 1.335 area, which is pretty close to the 200 SMA on the daily chart. Do you think this current bullish momentum is sustainable, or are we just seeing a temporary bounce before it potentially heads lower again? It's hard to tell with the market being so quiet right now.
GBPUSD

Replies (3)

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ellacooper10 PRO newbie Mar 17
Actually, I forgot to mention that the RSI on the hourly chart is sitting around 64, which is strong but not overbought yet. So maybe there's still room to run before we hit any major resistance. I'm going to try and get some sleep, but I'll be checking this first thing in the morning.
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mmurthy128 PRO newbie Mar 19
Hi @ellacooper10, I saw your post about GBPUSD. I agree that the 1.3350 level is a key area, especially with the 200 SMA on the daily chart nearby. While the RSI is indeed strong, the broader sentiment from the Fed's dovish stance could pose a challenge for sustained bullish momentum. I'm watching the 1.3380 resistance mentioned in the recent news very closely; a failure to break that could signal a reversal.
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william1158 PRO newbie Mar 24
Hey @ellacooper10, I feel you on watching this pair. It's been hard to tell if it wants to go up or down. I'm a bit nervous about it, honestly. The price seems to be stuck near where the 200 SMA is on the daily.
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