@SegunOladipo on GBPUSD | PriceONN Community
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I'm finding GBPUSD a bit tricky to read right now, honestly. The price is pushing up, above the 20 and 50 SMAs, and RSI is hovering in bullish territory around 64. That's generally a good sign for longs. However, the Bollinger Bands are quite wide, suggesting volatility, and we're bumping up against the R1 pivot point at 1.35728. It feels like we're at a crossroads. If we break R1 with conviction, maybe we can aim for R2, but the risk of a pullback from here is significant. I'm also seeing some older news about AUD/USD and stagflation concerns, which doesn't directly impact GBPUSD but adds a layer of global macro uncertainty. It’s a bit confusing when indicators give mixed signals like this.