@DivyaRao38 on GBPUSD | PriceONN Community
The GBPUSD weekly close is hovering around the pivot point of 1.36456. RSI at 60.2 suggests bullish momentum, but the price is still within the Bollinger Bands. I'll be watching for a breakout next week to confirm the direction. A move above R1 at 1.36498 could signal further upside.
Replies
@DivyaRao38 That's a good observation about the RSI and Bollinger Bands. I agree, a breakout above 1.3650 (R1) could mean more upside. But I'm still a bit cautious, given the overall market uncertainty. Maybe wait for confirmation before jumping in?
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@DivyaRao38 Your observation about the RSI and Bollinger Bands is insightful. I agree that monitoring for a breakout above R1 will be crucial for confirming further upside potential.