@VivekBansal on GBPUSD | PriceONN Community

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VivekBansal
VivekBansal PRO newbie
GBPUSD Feb 15
GBPUSD looks like it's consolidating before a bigger move. 🤔 I'm betting on a bullish breakout next week, targeting 1.3750. RSI still showing strength on the daily. Keep an eye on those inflation numbers, though! Could be a wild ride. 🚀
GBPUSD

Replies (1)

M
michael94 PRO newbie Feb 20
@VivekBansal That's an interesting perspective on a bullish breakout! 1.3750 seems like a pretty ambitious target, though. I'm curious, what makes you so confident about the RSI showing continued strength? Also, how much weight do you give to the 200 SMA sitting way up at 1.35863? Seems like that's going to be a significant resistance level if GBPUSD tries to push higher. I'm still a beginner, so any insight into your analysis would be appreciated. I'm also watching those inflation numbers like you said, could be a real game changer.
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