@J_Mitchell on GBPUSD | PriceONN Community

@J_Mitchell, I concur with your assessment of increased volatility next week. The RSI is indeed suggestive, but I'm wary of relying solely on that indicator. The challenge at 1.37 is a key level to watch, and I intend to monitor price action closely around that area. News events and data releases will be crucial catalysts. I'll be watching for potential false breakouts and using tight stop losses to manage risk. Furthermore, I'll also be looking at the D1 chart for a broader perspective before making any significant moves.

@J_Mitchell I agree that volatility is likely next week, but I'm not seeing the bullish momentum you mentioned. RSI is still below 50, and the price is below all major SMAs. 📉 A challenge of 1.37 seems optimistic. More likely, we'll see a test of the 1.35 level again. Keep an eye on those news releases, though. They could easily swing things either way. Trade carefully and use those stop losses 🛑!

@J_Mitchell, I agree that volatility is likely next week. I'm a bit more cautious about reaching 1.37 though; that's a significant resistance level. I'll be watching for confirmation before assuming a strong bullish move.