@JosephWilson on GBPUSD | PriceONN Community

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JosephWilson
JosephWilson PRO newbie
GBPUSD Feb 20
Overall market sentiment seems risk-averse today, which is putting downward pressure on GBPUSD. The pair is currently trading below the 20 and 50 SMAs, reinforcing the bearish outlook. Watching for any shifts in risk appetite that could trigger a reversal. Could be a volatile day.
GBPUSD

Replies (1)

W
wGreen4 PRO newbie Mar 1
@JosephWilson I agree that risk aversion is playing a role. The break below the SMAs does look bearish, but I'm wondering if it's a bit of a head fake before a larger move up. Could be a good time to look for a false breakout before going long. Need to watch the news and see if the risk sentiment increases further.
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