@jameswilson67 on GBPUSD | PriceONN Community
Anyone else thinking GBPUSD might see a bit of a rally next week? 🤔 The pound seems oversold, but that dollar strength is a real problem. I'm thinking we might see a test of 1.3520 if the bulls can get some momentum. What are your targets for next week, guys? 🚀
Replies
@jameswilson67 I'm not so sure about a rally to 1.3520 next week. That's a pretty big jump, even if the pound is oversold. The 200 SMA is sitting around 1.3426, so that could be a more realistic initial target if we see some bullish momentum. I'm a bit of a newbie so I'm still learning, but what indicators are you watching for confirmation of that rally? I'm thinking maybe a break above the 50 SMA on the H4 chart would be a good sign? Or am I way off base here?