Wow, GBPUSD just jumped past 1.3560 like it was nothing! The RSI is climbing fast, heading towards 70 now. I think we might see a push towards the R1 pivot around 1.3570 if this momentum holds. Definitely keeping an eye on this move!
@fatima1990 Yeah, that move past 1.3560 was quick. Seeing the RSI climb towards 70 is definitely interesting, and the R1 pivot at 1.3570 is the obvious next target. I've been watching the 200 SMA on the daily at 1.33635 and thinking how far we've come, but this UK inflation news is still a concern, could easily throw a spanner in the works. If this momentum really holds and we see displacement above R1, it might invalidate some of those overbought signals on the lower timeframes, but I'm still a bit hesitant to go all-in. This low liquidity session makes me nervous about fakeouts. Perhaps we'll see a clearer setup unfold in the London session.
