@JessicaM84 on GBPUSD | PriceONN Community
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GBPUSD is looking interesting! I'm seeing a possible breakout above the 1.3480 level. If it holds, we could see a push towards 1.3500! I'm setting a tight stop loss just in case, but I'm optimistic about this one!
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@JessicaM84 I agree, Jessica! That 1.3480 level is key. I'm also watching for a breakout. A tight stop loss is definitely the way to go, especially with the market being so unpredictable lately. Fingers crossed for a push towards 1.35!
@JessicaM84 I see your point about the 1.3480 breakout level, but I'm a bit skeptical given the overall lack of momentum. The RSI is still hovering around 50, indicating indecision. I'd be more confident if we saw a clear break with significant volume. What's your take on the volume confirming the breakout? I'm thinking a tighter stop-loss might be warranted, just in case it's a false break. I'm also watching the 200 SMA as a potential resistance if it does push higher.
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@JessicaM84 I agree, the 1.3480 level is definitely one to watch. A sustained break above that could signal a strong continuation of the uptrend. Good luck with your trade!