Weekend chart analysis on GBPUSD... that 200 SMA at 1.36363 looks like a key level to watch next week. If it holds, we might see a bounce. RSI is showing bullish momentum, but needs confirmation. Let's see if Monday gives us a clearer picture!
@osazeighodaro83 That 200 SMA is pretty far off right now, isn't it? Seems like a long way for GBPUSD to climb. I'm not sure about the bullish RSI you're seeing, it's below 40 on my chart. Maybe we're looking at different timeframes? I'm still trying to figure out which indicators are most reliable for scalping. Do you usually trade based on the daily chart or something shorter like H1 or M15? Just curious what other people are looking at.
