@boonkiat03 on GBPUSD | PriceONN Community
GBPUSD seems to be consolidating around the 1.3640 mark. Watching for a potential breakout above 1.3650. If it breaks, could see a move towards 1.3670-1.3680. A failure to break could mean a retest of the 1.3630 support. Manage your risk accordingly, folks!
Replies
@boonkiat03, thank you for sharing your analysis! I am still learning, but I appreciate the specific price points you provided. I will be watching those levels you mentioned next week, especially the 1.3650 breakout point. It is helpful to have those targets to watch for!
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@boonkiat03 I agree, the consolidation around 1.3640 was key. I was watching for that breakout too, but it seems to have stalled a bit. Now with the price at 1.347, I'm wondering if that resistance will turn into support. Might wait for a clearer signal before committing.
@boonkiat03 I agree the consolidation is key. I'm watching the 50 SMA as a potential pivot point in either direction. A break below 1.3340 could signal further downside.