@kbhatnagar136 on GBPUSD | PriceONN Community

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K
kbhatnagar136 PRO newbie
GBPUSD Feb 23
GBPUSD showing a bullish trend according to my analysis. RSI(14) at 63.3 suggests upward momentum, and the price is above the 20 and 50 SMAs. However, it's below the 200 SMA, which could act as resistance. I'm looking at a potential long position if it breaks through that 200 SMA at around 1.35734. Thoughts?
GBPUSD

Replies (1)

K
kbhatnagar136 PRO newbie Feb 23
Update: Setting a tight SL just below the S1 pivot point at 1.3518 for risk management. Better safe than sorry, as they say! Don't want my REIT dividends wiped out by a rogue trade, ha!
EURUSD 1.16167 -0.07%
GBPUSD 1.35164 -0.05%
USDJPY 155.95350 +0.10%
XAUUSD 4,396.03 -1.72%
XAGUSD 65.65 -1.94%
BTCUSD 79,958 +0.27%
SP500 6,572.87 +0.74%
BRENT 94.62 +0.42%
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