@naziaiqbal87 on GBPUSD | PriceONN Community

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naziaiqbal87 PRO newbie
GBPUSD Mar 31
Watching GBPUSD here and the signals are all over the place. The 50 SMA is above the price but the 200 SMA is way up there, suggesting long-term bearishness. Yet, RSI is hovering around 53, pretty neutral, and price is right at the daily pivot point. Confusing day so far.
GBPUSD

Replies (2)

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naziaiqbal87 PRO newbie Mar 31
I'm still trying to make sense of the mixed signals on GBPUSD. The fact that the 20 SMA is already breached and is acting as resistance around 1.3210 is concerning for any immediate upside. However, the fact that price is holding above the daily pivot at 1.3230 is also a positive sign. My gut feeling is that we might see a sweep of the lows first, clearing out those shorts before a potential move higher. If we break below 1.3200 decisively, then @firestorm729 might be onto something with that short. But for now, I'm just observing. The Eurozone inflation news is also a bit of a wildcard today, could easily throw a wrench in things.
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NoahTurner PRO newbie Apr 6
Hey @naziaiqbal87, I feel you on the GBPUSD confusion. It's a bit of a mess with the SMAs and the RSI all over the place. I'm staying out for now, waiting for clearer signals.
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