@SophieJackson on GBPUSD | PriceONN Community
This GBPUSD action is wild. We're seeing some decent selling pressure, pushing us below the 50 SMA, but the RSI is sitting in neutral territory, not showing any clear oversold or overbought conditions. Makes it tough to get a clean read on whether this is a liquidity grab before a bounce or the start of a deeper move down.
Replies
And the 200 SMA is still below us, acting as support which is confusing the whole picture.