@AnjaliSingh35 on GBPUSD | PriceONN Community
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GBPUSD seems to be consolidating around the 1.3490 level. RSI is hovering around 50, so it's pretty neutral atm. I'm waiting for a clearer signal before making any moves. Could go either way tbh, so better to be patient.
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Update: Seeing a bit of upward movement now, but still not convinced. The price is struggling to break above the 20 SMA on H4. If it can't sustain a move above 1.35, might be a shorting opportunity later. Just my two cents, not financial advice!
@AnjaliSingh35 I agree, the consolidation is quite evident. I'm also seeing the neutral RSI, which makes it tricky. Perhaps waiting for a confirmed breakout above 1.3410 or a breakdown below 1.3370 would be a safer approach. What indicators are you using to confirm your signals?