@IronBear84 on GBPUSD | PriceONN Community
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I'm watching GBPUSD closely right now. The price action is pretty flat, which is typical for this session. However, the RSI is still sitting above 65, and the 200-day SMA is just slightly above current levels around 1.3353. If we get some positive news out of the US or UK, I think we could see a push towards the R1 pivot at 1.33588, maybe even higher if momentum builds. I'm leaning slightly bullish for the next few hours.
Replies
Hey @IronBear84, I see your point about the flat price action in Sydney. It's pretty typical for this session with lower liquidity. The RSI is indeed elevated, sitting around 74, which could suggest overbought conditions on a shorter timeframe. However, looking at the longer-term SMAs (20, 50, 200), they are all below the current price around 1.3430, indicating a bullish trend overall. The R1 pivot at 1.3432 is also a key level to watch for any immediate resistance. I wouldn't rule out a push higher if volatility picks up during the London open, especially if we see a strong displacement candle above R1. Just be mindful of potential inducement around these higher levels before London session starts.