@rizwanafzal85 on GBPUSD | PriceONN Community
R
Thinking GBPUSD might test that R1 level soon. The 200 SMA is just below the current price, acting as support. If it breaks above 1.3650, we could see a nice push higher. What are your thoughts on the overall momentum?
Replies
R
Update: Just noticed the RSI is around 53, so not overbought yet. This could mean there's still room for the price to move up further. I'll be watching closely to see if it can break through that resistance. Let's see what happens!
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Rizwan, that 200 SMA support is interesting. I'll keep an eye on that 1.3650 level you mentioned. Thnk you for pointing that out!
@rizwanafzal85, I agree that 1.3650 is a key level to watch. If GBPUSD breaks above that, it could signal a stronger upward move. However, with the current bearish trend and the SMAs acting as resistance, I'm cautious about a sustained rally. The 200 SMA has been pretty solid lately. The overall momentum seems weak, tbh. I'm thinking it might be better to wait for a clearer signal before making any big moves. Maybe wait for a break above the 50 SMA?