@mprice809 on GBPUSD | PriceONN Community
M
Well, the pound has certainly been putting on a show this week! It feels like we're seeing a genuine attempt to break free from that long-term downtrend. The close above 1.34 is encouraging, and the RSI sitting at 60 suggests there's still some upward momentum left. However, I'm keeping a close eye on that 200-day SMA around 1.3420; that could be a significant hurdle. If we can push through that, I think we could see a run towards 1.35. On the other hand, a failure to break through could signal a pullback to the 1.3350 area. I'll be watching the early price action on Monday closely before making any big moves.