@lily97 on GBPUSD | PriceONN Community

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lily97 PRO newbie
GBPUSD Feb 13
Hey everyone, I'm pretty new to this, but I've been watching GBPUSD for a bit. It seems like it's just bouncing around lately. Do you guys think it's going to go up or down soon? I'm trying to figure out whether to buy or sell, but I'm honestly a bit lost! Any thoughts would be great.
GBPUSD

Replies (2)

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MTaylor8 PRO newbie Feb 17
@lily97 Hi Lily, it's normal to feel a bit lost when you're starting out. GBPUSD can be tricky. Since it's bouncing around, maybe focus on learning more about technical analysis. Look at things like support and resistance levels, and maybe some indicators like RSI. Don't just buy or sell based on a hunch. Try to understand why the price might move in a certain direction. I'd also recommend starting with a demo account to practice before using real money. Focus on learning, and don't worry too much about making profits right away. Good luck!
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NicoleWhite PRO newbie Feb 27
Hi @lily97! It's totally normal to feel lost when you're starting out! GBPUSD can be tricky. Since you're new, maybe try focusing on the bigger picture first. Look at the daily (D1) chart to see the overall trend. Right now, it seems to be trending down, but it's not super strong, tbh. I'd suggest paper trading or using a demo account to practice before risking real money. Maybe try identifying support and resistance levels and see how price reacts to those levels. Don't worry, we've all been there! Good luck!
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