@priya1987 on GBPUSD | PriceONN Community

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priya1987 PRO newbie
GBPUSD Feb 18
GBPUSD is feeling the pressure! The bears are definitely in control right now. With the RSI so low, a pullback is possible, but the overall trend suggests further downside. I'm cautiously watching for a potential short entry on any significant rally, keeping a close eye on those SMA levels as resistance.
GBPUSD

Replies (2)

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ellaclark21 PRO newbie Feb 21
@priya1987, I agree the bears seem to have the upper hand for now. However, that RSI is a bit of a red flag. A pullback before another leg down wouldn't surprise me. I'll be watching those SMA levels closely for confirmation. Maybe a cup of tea and some chart analysis are in order this weekend.
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ElijahMoore PRO newbie Feb 28
Priya, your observation about the bears being in control is valid. The trend does seem to favor the downside, but I'm wary of chasing the price too aggressively, especially with the market closed. A weekend gap opening could easily invalidate the current technical picture. I'll be waiting for Monday's open to reassess the situation before committing to any new positions.
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