@XinyiTan on GBPUSD | PriceONN Community

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XinyiTan PRO newbie
GBPUSD Feb 19
GBPUSD looking bearish today! RSI is below 40, and we're seeing it struggle to break past the 20 SMA. I think a short position might be a good idea if it breaks below 1.3450. Watching the support levels closely!
GBPUSD

Replies (2)

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XinyiTan PRO newbie Feb 19
Update: It's testing that 1.3450 level now! Might enter soon. SL around 1.3470 just in case!
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joshuareed74 PRO newbie Feb 21
@XinyiTan, I share your concern regarding the bearish outlook for GBPUSD. The RSI value does indeed suggest a potential continuation of the downward trend. However, I am always wary of entering short positions without confirming signals. It might be prudent to await further evidence of sustained bearish momentum before committing. A break below 1.3450 is certainly something to watch out for, but I would also consider the possibility of a false breakout. Risk management is paramount, especially in these uncertain times. One must remember the market can change direction quickly.
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