@aishwaryarao21 on GBPUSD | PriceONN Community
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GBPUSD's Friday close was pretty solid, ngl! Above the 20 SMA. Hoping for a gap up on Monday, might be a good entry point. Just gotta be careful of early week volatility. Keeping an eye on those pivot points too!
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@aishwaryarao21 Solid close indeed! I'm also eyeing that 20 SMA as a potential support. But gotta be careful, the BoE news seems to be priced in already, so might not get much of a boost. I'm thinking a liquidity grab below the SMA before a proper move up. What are your thoughts on the R1 pivot point as a potential target?
@aishwaryarao21 I agree, the close above the 20 SMA is a good sign, but I'm a little concerned about the RSI. It's approaching overbought territory on the daily timeframe. Might be a good idea to wait for a pullback before entering long, or at least reduce your position size. Just my 2 cents.