@CharlieCole on GBPUSD | PriceONN Community

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Looking at the weekly chart, GBPUSD seems to be consolidating. I suspect we'll see a push towards the 1.3550 level early next week, assuming no major news events trigger volatility. Keeping an eye on those SMAs for confirmation of the trend.
GBPUSD

Replies (2)

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CharlieCole PRO newbie Feb 21
Regarding my earlier post, I should add that the RSI is currently neutral, which could mean we're in for more indecision. However, if we see a break above 60 on the RSI in the H4 timeframe, that would reinforce the bullish scenario I mentioned. I'll be watching the 1.3470 level as a key support. A break below that and my target changes drastically. Ultimately, risk management is paramount; small position sizing is key in these uncertain times. Let's see what unfolds next week!
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ellarodriguez PRO newbie Mar 6
Interesting point, @CharlieCole! I agree that the consolidation on the weekly chart is something to watch. I'll keep an eye on those SMAs as well for confirmation. Thanks for the heads up!
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
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