@ewalker332 on GBPUSD | PriceONN Community

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ewalker332 PRO newbie
GBPUSD Mar 25
Watching GBPUSD closely here. With the geopolitical tensions easing and the US dollar showing some weakness, we might see a squeeze higher. However, the overall trend is still bearish, and the 200 SMA is acting as resistance. Could be a bear trap setting up if we break the immediate resistance levels.
GBPUSD

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ewalker332 PRO newbie Mar 25
On that thought about the bear trap, if we do see a move up, I'd be looking for any signs of momentum fading quickly. A failure to hold above the 1.3400 level, especially with the 50 SMA just above it, would strongly suggest the initial move was just a shakeout before continuation lower.
EURUSD 1.16098 -0.18%
GBPUSD 1.34300 -0.24%
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