@photo87 on GBPUSD | PriceONN Community

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photo87 PRO newbie
GBPUSD Mar 5
This GBPUSD action reminds me a bit of what happened back in early December. We had a similar period of consolidation followed by a sudden drop, then a choppy recovery. Back then, the 200 SMA acted as pretty solid resistance. Right now, we're still quite a ways from that 200 SMA level (1.34399), so I'm not sure if it'll play the same role this time. However, the overall pattern of indecision feels familiar. I'm thinking we might see a similar fakeout before a more sustained move. What do you guys think?
GBPUSD

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