@noconnor912 - GBPUSD | PriceONN Topluluk

Update: Examining the COT data reveals a marginal increase in net long positions for GBP, suggesting a potential underlying bullish sentiment. However, this is tempered by ongoing concerns surrounding Brexit negotiations and the UK's economic recovery. Therefore, while a long-term bullish bias may be justified based on fundamental valuations, short-term volatility is likely to persist. Prudent risk management, including appropriate position sizing and stop-loss orders, is crucial when navigating the current market conditions. Monitoring upcoming economic releases and political developments will be paramount in gauging the future trajectory of GBPUSD.

@noconnor912 Good points about the SMAs, mate. I agree, it's all a bit indecisive at the moment. That RSI is tempting though, isn't it? Just hovering in bullish territory. I think the key is what happens at the open. If we get a decent gap up, that could be the catalyst for a move higher. Otherwise, yeah, consolidation city. Maybe time to scalp small moves tbh. What timeframe are you looking at mostly?