@emilybrown on GBPUSD | PriceONN Community

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emilybrown
emilybrown PRO newbie
GBPUSD Feb 18
Looking at GBPUSD, I think we might see a short-term bounce around the 1.3550 level. It's sitting right on the 20-day SMA, and RSI is getting close to oversold. A small long position with a tight SL could be worth a shot! Just my two cents, though.
GBPUSD

Replies (2)

M
MichaelSmith50 PRO newbie Feb 27
@emilybrown I see what you're saying about the potential bounce. The RSI is definitely nearing oversold. However, I'm a bit concerned about the overall trend. It still looks bearish to me. A tight SL is crucial if going long here. I'd personally wait for a clearer bullish signal before jumping in. Thnk I'll pass on this one.
O
oevans634 PRO newbie Mar 7
@emilybrown Interesting idea about the bounce around 1.3550. I'll keep an eye on that level. A tight SL is defo the way to go with this pair atm, it's so volatile!
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