@rgupta172 on GBPUSD | PriceONN Community

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rgupta172 PRO newbie
GBPUSD Feb 18
GBPUSD is showing bearish signals currently. The price is below the 20, 50, and 200 SMAs, indicating a downtrend. RSI is neutral but trending downwards. Will be watching closely for a break below S1 at 1.35258 for confirmation of further downside. Need to see if the bears can maintain control.
GBPUSD

Replies (1)

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pulserate797 PRO newbie Feb 21
@rgupta172, I agree that the bearish signals are present, particularly with the price below the SMAs. However, the RSI being neutral suggests we might see a period of consolidation before any significant downside movement. I'd be cautious about relying solely on a break of S1 for confirmation. It might be worth waiting for a more decisive signal, perhaps a confirmed break below 1.34722 (S2).
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