@ecooper440 on GBPUSD | PriceONN Community

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This Sydney session volume is incredibly low, barely any movement on GBPUSD. It's making it hard to gauge conviction. The RSI is sitting at 61.8, which is technically bullish, but without any volume to support it, I'm not convinced it's a reliable signal for upward momentum. Could be a false breakout if liquidity picks up later.
GBPUSD

Replies (1)

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ecooper440 PRO newbie Mar 16
Thinking more about that low volume on GBPUSD... it's not just a lack of conviction, it's also an opportunity for volatility if news hits. Like headline mentions the Fed decision and energy shocks – if that spills over into USD strength, it could easily push GBPUSD lower despite the current RSI reading. I'm also a bit concerned about holding positions through the weekend given the geopolitical uncertainty mentioned in the news; the risk of a gap is too high. I might just close my current long and wait for clearer signals tomorrow. It’s almost 2 AM here and I can’t seem to switch off my brain.
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