@oscar1568 on GBPUSD | PriceONN Community
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The 200-day SMA is currently acting as a resistance around 1.35757. A break above this level could signal a stronger bullish trend for GBPUSD. I'm also monitoring the RSI; sustained readings above 70 might indicate overbought conditions. It's crucial to consider both price action and momentum when assessing potential entries.
Replies
Oscar, the 200 SMA is definitely a key level to watch. A break above it would be significant. However, I wouldn't rely solely on the RSI for overbought signals. Look at price action and volume as well. Sometimes the RSI can stay elevated for extended periods during a strong uptrend. Volume is key here, imo.