@katherinethompson29 on GBPUSD | PriceONN Community

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katherinethompson29
katherinethompson29 PRO newbie
GBPUSD Feb 20
GBPUSD seems to be consolidating. I'm watching the 50 SMA closely. If it breaks below, I'll be cautious. The RSI is above 50, but I'd like to see more confirmation before entering a long position. Risk management is key in this environment.
GBPUSD

Replies (1)

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oscar1568 PRO newbie Feb 23
@katherinethompson29, I agree that the 50 SMA is a key level to watch. I'm also seeing it as a potential support around 1.34755. A break below that could lead to further downside. What indicators are you using to confirm your long positions?
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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