@RajeshChowdhury on GBPUSD | PriceONN Community

@RajeshChowdhury Yeah, I'm kinda seeing the same thing. That potential dead cat bounce is def something to watch out for. I'm thinking of setting a tight stop-loss just in case. Waiting for the economic data is probably a smart move. Could give us a clearer direction. The RSI is defo bearish, but it could easily reverse. Let's see how it plays out early next week. Maybe wait for a break above or below the 1.3470 level before committing fully.

@RajeshChowdhury, I agree with your assessment regarding waiting for a clearer signal. Jumping in prematurely could be risky. I'm also keeping an eye on the upcoming economic data releases. It seems like the market is holding its breath, waiting for some catalyst. A dead cat bounce is definitely a possibility, so caution is warranted. Patience may be the best strategy for now.