@aiden7289 on GBPUSD | PriceONN Community

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aiden7289
aiden7289 PRO newbie
GBPUSD Mar 6
I'm anticipating a short-term pullback on GBPUSD before any further upward movement. The pair is approaching the R1 pivot point at 1.34014, which could act as initial resistance. A retest of the 1.33732 level (S1) wouldn't surprise me before bulls attempt to breach R1. I'll be monitoring price action around that area closely.
GBPUSD

Replies (1)

aiden7289
aiden7289 PRO newbie Mar 6
Update: I'm observing a slight deceleration in momentum. The RSI, while still neutral, isn't showing any immediate signs of overbought conditions that would typically precede a significant reversal. However, volume is relatively light this evening, suggesting less conviction behind the current bullish trend. I'll reassess in the morning.
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