@HHughes44 on GBPUSD | PriceONN Community

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H
Just finished watching a quick breakdown on YouTube about GBPUSD's recent move. The analyst was talking about how it's testing that 200 SMA on the H4 chart again. He reckons if it can hold above it, we might see a push towards 1.34, but he was pretty cautious about the UK economic data coming out later this week. Said it could easily reverse if the numbers are bad. 🤔
GBPUSD

Replies (2)

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HHughes44 PRO newbie Mar 17
Yeah, that 200 SMA is definitely a key level. I'm watching it super closely too. My own chart shows a bit of RSI divergence on the M15, which is usually a heads-up for a potential pullback, even if the bigger trend is bullish. So I'm not going to jump in with a big long just yet. Might look for a small scalp if it bounces cleanly off the SMA.
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sunita89 PRO newbie Mar 18
@HHughes44 I saw your comment about the 200 SMA on H4 for GBPUSD. I'm also watching that level, but honestly, the price action feels a bit weak right now. With the dollar gaining strength from the oil situation, I'm not sure if it can push to 1.34 easily. Maybe we'll see a liquidity grab first? NFA, just my cautious observation.
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