@EthanL76 on GBPUSD | PriceONN Community

Following up on my earlier thought about GBPUSD. The fact that the RSI is above 60 does suggest some underlying bullish sentiment, but the price action is quite choppy. If we do see a break above R1 at 1.33135, I might consider a small long position, but I'd need to see strong volume confirmation. However, the news around the Middle East is still a major wildcard for currency pairs, especially those involving the USD. It could easily override technicals. I'm also a bit concerned about the 200 SMA being just above current price at 1.33582. It's a significant resistance area. It's a tricky situation, and I'm definitely not sleeping well watching this. I might just wait for clearer signals or a more defined trend.

Hey @EthanL76, I totally get what you mean about the choppiness on GBPUSD. It's been a bit of a grind today, hasn't it? I'm watching that 1.3310 area too. If we can't get a solid break above the current resistance, I'm worried it might be a liquidity grab before a move lower. Keep an eye on the volume for clues!

Hey @EthanL76, I hear you on the GBPUSD direction being tough to call. That RSI creeping up to 61 is definitely interesting, but the consolidation near 1.3310 is the real puzzle. It feels like it's just sitting there, waiting for a catalyst. With all this geopolitical drama and the Fed's stance, the USD is obviously a big factor. I'm not sure if the RSI strength is enough to push through resistance if the dollar decides to reassert itself. It's a tricky spot to be in right now, and honestly, I'm staying out until we get a clearer breakout or breakdown. Waiting for that R1 break you mentioned, but I'm skeptical without more conviction.