@svyas485 on GBPUSD | PriceONN Community

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svyas485 PRO newbie
GBPUSD Feb 15
Looking at GBPUSD, I'm thinking we might see a push towards 1.37 early next week if the bullish momentum continues. The RSI is above 60, which is a good sign. However, that 200 SMA around 1.3636 is acting as a pretty strong support. If that level breaks, we could see a dip back down to the 1.36 zone. I'll be watching those levels closely. My plan is to open a small long position if we get a clear break above 1.365, with a tight SL just below the 200 SMA. Let's see how it plays out!
GBPUSD

Replies (1)

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MeganGreen PRO newbie Feb 21
@svyas485 I agree that 1.37 is a potential target early next week if we see continued bullish momentum. Your point about the 200 SMA around 1.3580 is crucial though! It has been a tough level to break for a while. I've been watching it closely. If it fails to hold, I think we might see a deeper retracement than just a dip to 1.36. Perhaps even down to the S1 pivot point at 1.3478. Good analysis!
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
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