@CyclistKimberly on GBPUSD | PriceONN Community

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CyclistKimberly
CyclistKimberly PRO newbie
GBPUSD Feb 20
GBPUSD is exhibiting a relatively neutral trend currently, as indicated by the RSI around 56. However, the pair is trading below the 50-day SMA, suggesting potential bearish pressure. I will be monitoring price action closely around the 1.3450 level for a potential short opportunity if it fails to hold.
GBPUSD

Replies (1)

CyclistKimberly
CyclistKimberly PRO newbie Feb 20
Update: I'm also watching the Bollinger Bands. The upper band around 1.35 could act as significant resistance. A break above that level might invalidate my short bias, but until then, I'm expecting range-bound movement with a slight bearish inclination. A retest of S1 pivot at 1.34506 is possible.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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