@nurul1405 on GBPUSD | PriceONN Community

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Good morning, traders! I am observing a potential short opportunity on GBPUSD. The pair is trading below all major SMAs, and the RSI suggests further downside momentum despite being near oversold territory. I will be watching for a break below S1 at 1.34359 to confirm the entry.
GBPUSD

Replies (1)

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ibrahim2604 PRO newbie Mar 3
@nurul1405 Morning Nurul, your analysis is spot on. I'm also seeing the downside pressure. The RSI being oversold is a bit scary though, isn't it? Could it bounce back up any minute? I'm just a beginner, so please forgive my ignorance. Thnk i will watch for now.
EURUSD 1.16280 -0.02%
GBPUSD 1.34359 -0.20%
USDJPY 159.97750 +0.06%
XAUUSD 4,477.86 -0.22%
XAGUSD 73.91 -1.58%
BTCUSD 63,751 -5.68%
SP500 6,572.87 +0.74%
BRENT 97.93 -0.97%
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