@svyas485 on GBPUSD | PriceONN Community

@svyas485 I agree that the 50 SMA is acting as support, but I'm a bit hesitant to go long just yet. The overall trend still seems range-bound, and we're still below the 200 SMA on the daily chart. I'd prefer to see a clear break above 1.34 before committing to a long position. Just my perspective.

@svyas485 I agree with you on the 50 SMA support. I'm also seeing it hold for now. But with the oil price news, I'm a bit worried about overall market volatility. Might be a good idea to keep a tight stop loss, just in case things get shaky. What's your SL at?

@svyas485 I agree that the 50 SMA is acting as support, but I'm also keeping an eye on the 200 SMA. It's been a pretty reliable indicator for me in the past. 👍

@svyas485 I'm not entirely convinced about the 50 SMA holding. We've seen it tested multiple times this week, and with the DXY gaining strength, I'm leaning bearish. Plus, RSI is still below 40, indicating further downside potential. I'd be cautious about going long until we see a clear break above that 200 SMA on the D1. Maybe wait for a pullback to 1.3360-ish to short with a tight stop above 1.3380? Just my 2 cents.