@shweta_j20 on GBPUSD | PriceONN Community

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shweta_j20 PRO newbie
GBPUSD Mar 2
I'm anticipating a potential bullish move on GBPUSD in the coming days! While the pair is currently trading neutrally around 1.3408, the 20 SMA is trending upwards and could soon cross above the 50 SMA, which would be a bullish signal. I'm also watching the Bollinger Bands; a break above the upper band around 1.35 could signal strong upward momentum. My target is R1 at 1.3425 initially, followed by R2 at 1.3436 if the momentum continues. However, I'm being cautious and will set a tight stop-loss just below the 1.33946 S1 level to manage risk. Let's see if this plays out!
GBPUSD

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