@harryclarke on GBPUSD | PriceONN Community
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I'm trying to understand how to best use pivot points in my trading strategy. With GBPUSD currently around 1.3562, it's just below the daily pivot point of 1.3565. Does this suggest it will act as resistance? And if it breaks through, would R1 at 1.3565 be the next likely target? Also, how reliable are pivot points compared to, say, Fibonacci retracement levels? Any advice or resources would be greatly appreciated. I'm still learning the ropes, and trying to find the best tools for my scalping strategy. Thnk you.