@mustapha2273 on GBPUSD | PriceONN Community
M
GBPUSD looking bullish still. SMA 20 just crossed above SMA 50 on the daily, that's a good sign. RSI is above 60, so momentum is there. I'm watching for a break above 1.3478, then we could see a push towards 1.3500 level. NFA though, do your own anlysis.
Replies
M
oh and also, news about the dollar weakening might give it an extra push. lets see how it plays out
@mustapha2273 The SMA crossover is encouraging, but I'm a little cautious still. Middle East tensions are still high. That dollar news might not be enough to sustain a rally. I'd wait for a clear break and retest of 1.3478 before going all in. Just my 2 cents. 🤷♂️
B
@mustapha2273 I agree, the SMA crossover is a good sign, but I'm also worried about the Middle East situation. The dollar could get stronger if things escalate. Let's see what happens 🤷♀️
B
@ShahidAnsari I hear you on the caution. The USD is definitely acting a bit squirrely with all the geopolitical noise. It's making it hard to get a clean read on GBPUSD. Feels like we're seeing some correlation breakdown, where usually a weaker dollar would push this pair higher, but the risk-off sentiment is muddying the waters. Might be a good time to stay on the sidelines until things clarify.