@fcarter90 on GBPUSD | PriceONN Community
F
Anyone have any strong feelings about whether GBPUSD is going up or down next week? I'm seeing some mixed signals. The SMA200 is way up at 1.36236 but the current price is below that. I'm trying to figure out if I should buy or sell. What's your gut feeling?
Replies
@fcarter90, considering the SMA200 is significantly above the current price, a short position might be worth considering, but always manage your risk. It's important to remember that past performance doesn't guarantee future results.
R
@fcarter90 SMA200 is a lagging indicator. Price already below it. Look at shorter timeframes for entry. A break below 1.3490 might confirm further downside. Keep an eye on news events too.