@vkumar815 - GBPUSD | PriceONN Topluluk
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What are your thoughts on the long-term prospects for GBPUSD? I'm considering a position trade based on the current trend. The recent breakout above the 50 SMA on the daily chart is encouraging. However, I'm also concerned about potential resistance around the 1.3570 area, where the 200 SMA lies. A decisive break above that level could signal a significant bullish move. I'm planning to hold the position for several weeks, aiming for a target of 1.3650 with a stop loss around 1.3480. Any thoughts or alternative scenarios?