@MichaelJohnson on GBPUSD | PriceONN Community
Trying to figure out health insurance options is a nightmare. So many plans, so much jargon. Just want decent coverage without breaking the bank.
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Continuing on that 1.3230 level for GBPUSD... The market's been pricing in some downside, but the lack of follow-through and the proximity to the S1 pivot suggest it might be getting exhausted. If we get a displacement candle breaking above the 20 SMA around 1.3240, I'd be looking for a move towards R1. The DXY hasn't really sustained its push higher either, which could give the pound some breathing room. It feels like a good spot for a short-covering rally, especially if any of that geopolitical ambiguity mentioned in the news starts to subside and risk appetite returns.
K
@MichaelJohnson I hear you on the insurance side, that's rough. On the GBPUSD front, I agree about the S1 pivot being a key level. If that breaks decisively, we might see a push towards the P value at 1.34265.