@DanielDavies on GBPUSD | PriceONN Community

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DanielDavies
DanielDavies PRO newbie
GBPUSD Feb 17
What's everyone's overall sentiment on GBPUSD right now? It seems to be trending downwards, but I'm not entirely sure if this is a temporary dip or a more significant shift. I'm trying to understand the bigger picture before making any decisions. Any insights would be appreciated.
GBPUSD

Replies (3)

DanielDavies
DanielDavies PRO newbie Feb 17
Also, how reliable is the RSI in this situation? It's currently neutral, but I'm aware that it can sometimes give false signals.
DanielDavies
DanielDavies PRO newbie Feb 17
Update: I've noticed the price is hovering around 1.356. Is this a key level to watch for a potential bounce, or should I expect it to fall further?
E
EthanRoy12 PRO newbie Mar 6
Daniel, tbh, it's a bit of both. Short-term dips within a longer-term uptrend. I'd wait for a clearer signal before committing. Maybe watch the 50 SMA for support.
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