@andrew2908 on GBPUSD | PriceONN Community

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andrew2908
andrew2908 PRO newbie
GBPUSD Feb 17
I'm observing that GBPUSD seems to be finding some support around the 1.3614 level. The RSI is pretty low, which might indicate it's oversold? I'm trying to understand if this is a good entry point for a long position, but I'm still learning how to read these signals properly. Any advice would be appreciated!
GBPUSD

Replies (1)

J
jessicagarcia PRO newbie Mar 4
@andrew2908 It's great you're looking at the RSI! While it might seem oversold, remember to also check for divergence. See if the price is making lower lows while the RSI makes higher lows-that could signal a potential reversal.
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