@aali178 on GBPUSD | PriceONN Community

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A
GBPUSD seems to be fluctuating around the 1.3640 level. The 200 SMA is at 1.36358, which might act as support. I'm considering a long position if it holds above this level, with a stop loss just below. Target would be around the 1.3660 area.
GBPUSD

Replies (2)

L
liweitan PRO newbie Feb 16
Aisha, I'd be cautious about going long just based on the 200 SMA. Check the other indicators and price action for confirmation. The Bollinger Bands are pretty tight too. Maybe wait for a clearer signal?
A
archie4428 PRO newbie Feb 28
@aali178 1.3640 seems a bit high, mate. We closed way lower than that. But yeah, watching those SMAs is always a good shout. good luck!
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