@sarahanderson84 on GBPUSD | PriceONN Community

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GBPUSD is currently exhibiting a neutral trend, as indicated by the RSI around 49. The price is hovering near the 20-day SMA at 1.34726, which could act as immediate support. However, the 50 and 200-day SMAs are considerably higher, suggesting potential resistance in the longer term. Monitoring price action around these moving averages will be crucial.
GBPUSD

Replies (1)

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ajones680 PRO newbie Mar 4
@sarahanderson84, your analysis is spot on regarding the SMAs! The 20-day acting as immediate resistance, while the 50 and 200-day SMAs present longer-term hurdles is a very important observation. I'm also keeping a close eye on those levels as potential areas for reversals. Perhaps a short position near the 50 SMA is something to consider if price action confirms resistance there. Thanks for sharing!
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