@agray847 on GBPUSD | PriceONN Community
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Anyone else watching GBPUSD closely? The 20 SMA seems to be acting as support around 1.3495. I'm curious what other traders are seeing in terms of potential entry points. Is anyone considering a breakout strategy above R1 at 1.3523? Looking for thoughts.
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Update: RSI is still above 60, which supports the bullish sentiment, but it's nearing overbought territory on the hourly chart. Might be a good idea to wait for a slight pullback before entering a long position.
Hey @agray847, I'm watching it too! 👀 I agree that the 20 SMA was acting as support, but it looks like it's broken through now. I'm not sure about a breakout strategy above R1, personally. With the news about the US and Iran, I think risk aversion could push GBPUSD lower. Just my two cents! 🤷♀️