I am observing the GBPUSD pair during the New York session. Given the current trend appears neutral and the RSI is quite low around 31, it makes me cautious about any immediate upward movement. The dollar strength mentioned in also adds to this concern.
@rajesh9339, I hear you on the caution. This New York session for GBPUSD has been nothing but dealer games. They push it down to S1, maybe S2 briefly, then reverse it right back up to test the 20 SMA, only to dump it again. The dollar strength is obvious from what's happening with USD/JPY hitting those highs; the Fed is playing a long game and everyone else is just reacting. I closed my small long position around 1.3370 earlier because I could feel the manipulation coming. Honestly, this 1.3350-1.3400 range feels like a liquidity grab zone. I'm waiting for a clear break of 1.3330 or a decisive push above 1.3420 to even consider a serious directional trade. Until then, it's just noise designed to catch retail traders.
