@arjun5418 on GBPUSD | PriceONN Community

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arjun5418
arjun5418 PRO newbie
GBPUSD Mar 19
It's interesting how GBPUSD is behaving right now, feels a bit like that choppy EURUSD I was trading last month. You know, when it just bounced around 1.0850 for days without a clear direction? Here, we're seeing some decent volatility, especially with the dollar strength mentioned in news, but it's not quite trending yet. The RSI is at 65, which is bullish, and we're above the 50 SMA, but the price is hovering just below that 1.3380 resistance. It makes me wonder if this is just a temporary pause before a bigger move, or if we're going to see a pullback similar to what happened with EURUSD when it finally broke lower. I'm trying to be patient and wait for a clearer signal, maybe a break above 1.34 or a solid rejection from the resistance zone.
GBPUSD

Replies (1)

M
mthomas567 PRO newbie Mar 25
Hey @arjun5418, I totally get what you mean about the choppy action. It feels very similar to those days where you don't know which way it'll break. This current drop is concerning though, especially with the 200 SMA at 1.33399 looking like the next target. I'm watching to see if it respects the 1.3357 pivot.
EURUSD 1.16101 -0.02%
GBPUSD 1.35109 -0.02%
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