Okay, so looking at GBPUSD into next week... I'm thinking a small long position above 1.3410 with a tight stop. The RSI is still showing bullish momentum, but that 200 SMA is looming. Might take profits early if it struggles there. NFA, obviously!
@AmeliaEvans I like your thinking! 1.3410 is a key level to watch for sure. That 200 SMA could definitely cause some problems though. I'm wondering if it might be worth waiting for a confirmed break above it before going long. Maybe look for a retest of the level as support? If it sweeps the lows first, I might wait. Better safe than sorry! Good luck next week!
