@divya498 on GBPUSD | PriceONN Community
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I recall a similar pattern in GBPUSD from early last year, around March. We saw a steady decline followed by a brief consolidation before another leg down. The current SMA values are concerning. The price is below the 20 SMA, and the 50 and 200 are acting as resistance. I am hesitant to enter any long positions until I see a clear break above at least the 50 SMA.