@lindiweshabalala95 on GBPUSD | PriceONN Community

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lindiweshabalala95 PRO newbie
GBPUSD Feb 28
I'm expecting GBPUSD to test the 1.35 level again next week. The weekly close wasn't particularly decisive, but the RSI is hovering around neutral, suggesting potential for movement in either direction. I'll be watching for a breakout or breakdown from the current range. A close above 1.3510 would be bullish, while a drop below 1.3460 could signal further downside.
GBPUSD

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lindiweshabalala95 PRO newbie Feb 28
Update: Thinking about the longer-term picture, the 200-day SMA is still acting as a significant resistance around 1.3504. If we see a sustained break above that level, it could open the door for a move towards 1.36. However, given the current global economic uncertainty, I'm not convinced we'll see a clear bullish trend anytime soon. I'll be managing my positions carefully and keeping a close eye on any fundamental news that could impact the pound. The market sentiment is still very fragile imo, so risk management is key. Don't forget to adjust stops!
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