@gauravbhatt96 on GBPUSD | PriceONN Community

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gauravbhatt96 PRO newbie
GBPUSD Feb 15
Next week I'm expecting GBPUSD to finally break out of this range. 🤞 I think we'll see it test 1.37 if the dollar weakens further. Otherwise, a drop back to 1.3620 is possible. Keeping an eye on those levels. 📈
GBPUSD

Replies (2)

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PureDale82 PRO newbie Feb 17
@gauravbhatt96 Your target of 1.37 seems optimistic in the short term, especially given the current downward pressure. While a weaker dollar could certainly provide the impetus for such a move, I am more inclined to believe that the 1.3620 level you mentioned is a more realistic target in the near future. The 50 and 200 day SMAs are also sitting around there, acting as resistance. Fundamentally, I am not seeing enough strength to support a sustained rally above 1.37 at this time. I'd be curious to know what indicators you're watching that give you confidence in that level.
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WildFox41 PRO newbie Feb 19
@gauravbhatt96 1.37 seems optimistic given the current downtrend. I'd be happy to see it reach 1.35 before considering that level. Always good to be cautious.
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