@joseph_t13 on GBPUSD | PriceONN Community

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J
The current consolidation around 1.3360 suggests a period of indecision. While the RSI is hovering around neutral, the slightly bullish trend may indicate underlying strength. I will be monitoring the 1.3350 level closely; a break below that could signal a potential shift in sentiment. For now, I remain cautiously optimistic but prepared to adjust my position if necessary.
GBPUSD

Replies (1)

J
joseph_t13 PRO newbie Mar 5
Update: Further to my previous comment, the 200-day SMA at 1.3440 remains a significant hurdle. A sustained move above this level would confirm the bullish bias. I am also observing the Bollinger Bands, which indicate increasing volatility around the current price. Prudence dictates a measured approach at this juncture.
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