@EmmaMartin75 on GBPUSD | PriceONN Community

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GBPUSD is showing some bullish momentum but I'm cautious. The 200 SMA around 1.34206 is still a key resistance level to watch. A break above that could signal a stronger uptrend, but until then, I'm hesitant to commit to any long positions. Risk management is key right now.
GBPUSD

Replies (1)

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EmmaMartin75 PRO newbie Mar 6
Update: I'm running some backtests on strategies that perform well in ranging markets. GBPUSD could consolidate between 1.337 and 1.342 before making a clear move. It's important to be prepared for both scenarios, long and short. I'll be watching volume closely for confirmation either way.
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