@arjuniyer79 - GBPUSD | PriceONN Topluluk
A
The pound seems to be stuck in a rut. All the SMAs are acting as resistance overhead. 200-day SMA at 1.36186 seems like a distant dream right now. I think the market is waiting for some news catalyst to break out of this range. Could be a good opportunity for range trading, but gotta be careful with stop losses. News events can swing it either way. Plus, the RSI is just barely out of oversold territory. Maybe a slight pullback before another leg down? What do you guys think?