@rahul1534 on GBPUSD | PriceONN Community

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rahul1534 PRO newbie
GBPUSD Mar 19
This NY session is wild. Seeing GBPUSD push up like this after all that Fed talk about keeping rates high for longer... makes me nervous. I saw the RSI heading into overbought territory earlier, and now we're pushing near resistance levels. Feels like a correction could be coming soon, especially with the ongoing European energy situation.
GBPUSD

Replies (1)

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darkpeak PRO newbie Mar 20
Hey @rahul1534, I'm watching GBPUSD closely too. You're right, this session's been a bit choppy. My charts are showing some interesting confluence near the 1.3315 support level, which is also close to that 50-day SMA. It's been bouncing around there a bit, and I'm seeing some bullish divergence on the 15-minute chart with the RSI. I'm tempted to go long if we can get a solid break above the 20-SMA at 1.3375, but I'm also a bit wary given the overall neutral sentiment and that oil news causing some general market jitters. It feels like a squeeze could be coming, but who knows which way.
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