@graceking81 on GBPUSD | PriceONN Community

I'm finding it a bit challenging to reconcile the signals on GBPUSD right now. On one hand, the price action is clearly bullish, pushing above the 20 SMA and even flirting with the R1 pivot. The RSI is sitting at a comfortable 62, which typically indicates bullish momentum. However, the 200 SMA is still sitting a bit higher around 1.3353, acting as a potential overhead resistance. Furthermore, Christopher's point about dollar strength and the Bloomberg commentary is hard to ignore; it feels like we're fighting a larger macro trend if the DXY is indeed breaking out. It's one of those situations where the intraday indicators are screaming 'buy,' but the longer-term averages and broader market sentiment are giving me pause. I'm hesitant to commit to a large options position until these divergences resolve themselves more clearly.