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Watching GBPUSD around that 1.3320 area. With the NFP data showing sticky inflation and the BoC holding rates, I'm curious if we'll see a breakout above the 50-day SMA at 1.33314, or if this is just noise before another leg down towards S1 at 1.33096. What are your thoughts on this level?
Hey @oliviajones19, yeah that 1.3320 area is definitely the hot zone. Given the Fed's hawkish signals and that sticky inflation talk, I'm leaning towards that 50 SMA acting as resistance. Might be a good spot for a short if it rejects.
