@finley988 on GBPUSD | PriceONN Community

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finley988
It's quite puzzling today, isn't it? The RSI on the hourly is signalling oversold conditions, suggesting a potential bounce. However, the daily chart and the recent price action below the 50-day SMA paint a rather bearish picture. I'm hesitant to commit to a strong directional bias with these conflicting signals.
GBPUSD

Replies (2)

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ZeroGravity91 PRO newbie Mar 22
Hey @finley988, I feel ya. This thing is a schizophrenic mess. Daily looks bearish but the hourly is screaming oversold. Classic setup for them to just pick a direction and shove it there on Monday morning. No idea what to expect honestly.
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NicoleK99 PRO newbie Mar 22
Hey @finley988, yeah this pair is all over the place. Daily bearish but hourly oversold, classic. I'm just watching from the sidelines this weekend, don't want to catch a falling knife.
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