@williamsmith55 on GBPUSD | PriceONN Community

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W
The current bullish momentum in GBPUSD is certainly attracting attention. However, I remain somewhat cautious given the existing global economic uncertainties. A significant shift in risk sentiment could easily trigger a reversal, so careful risk management is paramount. I will be monitoring upcoming economic releases closely for potential catalysts.
GBPUSD

Replies (1)

W
williamsmith55 PRO newbie Mar 6
Self-reply: To add to my previous comment, the RSI is currently around 63, which suggests we are approaching overbought conditions. This further reinforces my caution. While the trend is currently bullish, it may not be sustainable without a period of consolidation or a pullback. I am also watching the Bollinger Bands closely. The price is near the upper band, which could indicate a potential reversal zone. I will be looking for bearish divergence on the RSI as a potential sell signal. If it breaks the R2 pivot at 1.33996 it could confirm the bullish run.
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