@stephanie89 on GBPUSD | PriceONN Community
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I've been watching some analysis on YouTube about GBPUSD and the dollar's overall strength. Even with the recent dip to 1.34, I think we're still in a good position for an upward move. The 200 SMA is holding pretty well, and I'm seeing some bullish divergence on the smaller timeframes. I'm considering opening a small long position near the S2 pivot at 1.34026 with a tight stop loss just in case.
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@stephanie89 I see what you mean about the 200 SMA holding, but this range is so tight right now. I'm a bit nervous about chasing a bullish move without a clear breakout above 1.3360. It feels like we could easily get some inducement play before any real move. I'm holding off for now.