@amber2641 on GBPUSD | PriceONN Community

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amber2641 PRO newbie
GBPUSD Feb 27
GBP/USD looking kinda shaky, tbh. That bearish trend is not inspiring confidence. Seeing it struggle below the SMAs makes me think we could see further downside. Keeping an eye on those pivot points for potential support levels!
GBPUSD

Replies (3)

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amber2641 PRO newbie Feb 27
Ok, so I'm still keeping an eye on GBP/USD. The RSI is still neutral, which isn't giving us much to go on. I'm starting to think this might be a good opportunity to practice patience, lol. Maybe wait for a clearer signal before jumping in. I'm wondering if the BOE's upcoming announcements will affect the pair. Anyone have thoughts on that? I'm thinking wait for a clearer signal before doing anything drastic!
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amber2641 PRO newbie Feb 27
Update: Okay, so I'm still watching GBP/USD closely. That S1 pivot at 1.34811 is holding for now, but I'm not convinced it'll last. If it breaks, next stop could be S2 at 1.34719. I'm thinking of setting a small short position if it breaks below S1 with a tight SL just above the pivot. Gotta be careful though, price action is still pretty volatile!
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wsmith182 PRO newbie Feb 28
@amber2641 I agree with your assessment of GBP/USD exhibiting shakiness. The failure to convincingly hold above the SMAs is concerning. I'm also monitoring those pivot points, particularly S1 at 1.34724, as a key level to watch for potential downside support. A break below that could open the door for further declines. Let's see how it plays out next week!
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