@JoshuaC37 on GBPUSD | PriceONN Community

Continuing on that point about the 1.3300 level, it's not just a psychological number. It's also very close to the previous daily high and acting as a resistance zone. If we manage to break and hold above 1.3310-1.3315, I'd be looking for a continuation towards the 1.3350 area, where the 200 SMA resides. However, if that 1.3300 level proves too strong and we see a bearish reversal candle form on the H1 or even H4 chart, then targeting the 1.3280 pivot and potentially down to 1.3267 (S2) becomes the more likely scenario. The RSI at 63.9 isn't screaming overbought yet, so there's still room for upside if the buyers step in with conviction.

Hey @JoshuaC37, interesting observation on the 1.3300 level acting as resistance. From my perspective, that whole area around 1.3330-1.3350 is a brick wall. You mentioned the 200 SMA on the daily and the R1 pivot; I'm also looking at the 50 SMA on the 4-hour chart which is hovering just above that zone. The RSI at 63.9 is indeed showing some strength, but it's not screaming 'buy' to me. We saw a decent sell-off on Friday, pulling us back from those highs. I'm more inclined to believe that if we can't decisively break above 1.3350 early next week, we'll likely see a retest of the 1.3300 or even lower. The geopolitical news with oil prices spiking is definitely adding a layer of uncertainty, and I haven't seen the DXY react as expected, which is also a worrying sign. It feels like we're stuck in this range until a major catalyst forces a move, and I suspect it won't be to the upside given the current market sentiment.