@AngelaDavis on GBPUSD | PriceONN Community

@AngelaDavis I agree that 1.3640 is a crucial level to watch. 👍 Your analysis of the 200-day SMA is spot on. If it fails to break above that, do you think we'll see a retest of the 1.3600 support? I'm a bit concerned about the bearish RSI reading; it might indicate further downside potential. 🤔 I'm also wondering if the Bollinger Bands are squeezing, potentially leading to increased volatility in the near future. I am also watching the news for some catalysts this week. What are your TP targets if it breaks 1.3640?

@AngelaDavis, I agree that the 200-day SMA is a key level to watch on GBPUSD. However, with the recent news flow, I'm a bit hesitant to rely solely on technicals. The Iran situation could easily override those levels. I'd be cautious about entering any large positions until the initial shock subsides and the market finds a new equilibrium. Perhaps waiting for a confirmed break and retest of either 1.3640 or 1.3620 would be a more prudent approach.