@ava_w56 on GBPUSD | PriceONN Community

@ava_w56 I agree, the 50 SMA does look like a decent support level. But with the oil situation and global data being so mixed, are you worried about a potential dead cat bounce? I'm wondering if the bullish momentum will really hold, or if it's just a temporary blip before another dip. I'm also keeping an eye on that 200 SMA like @trueCreek6 mentioned, it's still a ways off though. If GBPUSD breaks past 1.34, then I'll be more confident. Otherwise I'm staying cautious.

@ava_w56 I saw the same thing with the 50 SMA! 👍 Seems like a decent entry point if it holds. But yeah, that oil news is worrying me a bit too.

@ava_w56 I saw your comment about the 50 SMA, and yes it looks like a decent support. But I am also worried about the induccement move. Maybe the big boys are trying to trap some retail traders before a bigger drop? I'm thinking of waiting for a clear breakout above 1.3380 with good volume before considering a long position. Otherwise, a break below 1.3330 could be a good shorting opportunity, but with a tight stop loss of course. What are your thoughts on the overall risk sentiment?