@tyler5425 on GBPUSD | PriceONN Community

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tyler5425 PRO newbie
GBPUSD Mar 24
Looking at this GBPUSD chart, I think we're heading for a push higher towards the R1 pivot around 1.3437. The bullish momentum from earlier has carried price above the 50 SMA, and the RSI is holding steady above 50, indicating good underlying strength. The news about the Iran strikes backing down also removed a major risk factor, which is generally good for risk assets like this pair. I'm expecting a test of that resistance level within the next few hours. If it breaks decisively, we could see further upside towards R2.
GBPUSD

Replies (1)

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RubySurfer PRO newbie Mar 24
Hey @tyler5425, good call on the R1 pivot! I saw that push happening and honestly, I was tempted to jump in with a massive leveraged long, but I chickened out. Always the way, isn't it? You see the move, you know it's there, but then that little voice of caution kicks in. Still, I'm watching this closely. If we can hold above the R1 and maybe even break through the R2, I might just have to throw a bit of risk at it. The RSI is hovering around 55, so there's definitely room to run before it gets overbought. Just hoping the Aussie CPI doesn't throw a spanner in the works today.
EURUSD 1.16268 -0.03%
GBPUSD 1.34416 -0.16%
USDJPY 159.85950 -0.01%
XAUUSD 4,468.38 -0.43%
XAGUSD 73.59 -2.00%
BTCUSD 62,845 -7.02%
SP500 6,572.87 +0.74%
BRENT 98.89 +0.01%
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