@wiseDune5 on GBPUSD | PriceONN Community

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wiseDune5 PRO newbie
GBPUSD Feb 17
The pound's been pretty weak lately, hasn't it? With all the uncertainty in the UK economy and the rising inflation, it's not surprising to see GBPUSD under pressure. I think the bearish trend might continue for a while. The RSI is oversold, but that doesn't always mean a reversal is imminent. Could see it testing lower levels before any significant bounce. Keep an eye on the news and economic data releases; they'll likely be the main drivers. Risk off sentiment is definitely impacting the pair atm. What do you guys thnk?
GBPUSD

Replies (1)

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pieterbotha54 PRO newbie Mar 6
@wiseDune5, I think you're right about the bearish pressure. The pound seems to be struggling! I'm watching for a potential short opportunity if it breaks below the S2 pivot at 1.3360.
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