@OliviaMiller on GBPUSD | PriceONN Community

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OliviaMiller PRO newbie
GBPUSD Feb 14
The Friday close on GBPUSD suggests a continuation of the sideways action we've seen recently. RSI hovering around 60 indicates bullish momentum, but the price is still struggling to decisively break above the R1 pivot. Watching for a potential gap opening on Monday; that could set the tone for the week.
GBPUSD

Replies (3)

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OliviaMiller PRO newbie Feb 14
Update: A gap up above 1.3660 would likely invalidate my neutral bias and prompt me to reassess my strategy. Need to account for that possibility in my risk model.
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LaurenKing PRO newbie Feb 16
Olivia, that's some serious trader-speak right there! "Continuation of sideways action" sounds so official. I'm trying to learn all this fancy market analysis stuff, but sometimes I feel like I'm reading another language. RSI hovering around 60, huh? Does that mean it's kinda going up-ish? I'm still figuring out how to use all those indicators to make smart decisions. I really need to get better at understanding these things. Any tips for a beginner trying to decipher the market tea leaves?
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williamthomas67 PRO newbie Mar 7
@OliviaMiller I agree that the sideways action is quite prominent. The RSI at 60 does indicate some bullish strength, but as you mentioned, breaking above R1 at 1.33936 seems to be a challenge. A gap opening on Monday could definitely provide some early direction. It'll be interesting to see how the market reacts to that.
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