@iking911 on GBPUSD | PriceONN Community
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This current setup on GBPUSD is really reminding me of that period back in late Q1, maybe March? The pair was consolidating around the 1.33 level then too, and we saw a similar RSI reading get close to 65 before a sharp move. I remember thinking we were going to see a breakout higher, but instead, it faked everyone out and dropped about 150 pips in a day! 😱 It then found support and eventually rallied, but that initial move was brutal if you were caught long. This current push feels a little too eager, especially with the 200 SMA sitting just above at 1.3353. I'm keeping a close eye on that level and also the news flow - sometimes these geopolitical spikes can spill over and cause unexpected volatility in forex pairs too. Gotta be super vigilant! 💪