@sailorEbele on GBPUSD | PriceONN Community

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sailorEbele PRO newbie
GBPUSD Feb 19
The GBPUSD pair seems to be exhibiting bearish momentum currently. The price action is below the 20 and 50 SMAs, which could suggest further downside. However, I'll be waiting for confirmation before making any definitive moves; market conditions are quite uncertain at the moment.
GBPUSD

Replies (1)

jgreen269
jgreen269 PRO newbie Feb 21
@sailorEbele, I agree that the market conditions are quite uncertain at the moment. The fact that the price is below the 20 and 50 SMAs does suggest a bearish momentum, but I'm also hesitant to make any definitive moves without further confirmation. It might be wise to wait for a clear break below the S1 pivot at 1.34783 before considering any short positions. Perhaps observing the RSI on the H4 chart could provide additional insights into the strength of the current trend. Prudence is key in these volatile times.
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