@KimberlyLee on GBPUSD | PriceONN Community
The GBPUSD feels a bit stuck in the mud right now, hovering around the 1.3370s. It's neither strongly pushing higher nor collapsing, which can be frustrating for scalpers like me. I'm watching the S1 pivot at 1.3382 and the 50 SMA at 1.3367 quite closely. The RSI is sitting right at 49.5, perfectly neutral, indicating no real momentum either way. This choppy action often precedes a larger move, so patience is key.
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Actually, thinking more about that neutral price action and the geopolitical backdrop, I believe we might see a breakout soon. The lack of clear direction often means energy is building up. The S1 pivot is holding for now, and if we can break above R1 at 1.34115 with increasing volume, I'd expect a quick move towards the 20 SMA at 1.34107, possibly higher if risk sentiment improves due to de-escalation fears. However, a break below the 50 SMA at 1.3367, especially if it coincides with negative news flow or a strong dollar bid, could easily send us towards the 200 SMA at 1.3335 or even that breaker block @imran7752 mentioned around 1.3340.