@justin7871 on GBPUSD | PriceONN Community

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justin7871
justin7871 PRO newbie
GBPUSD Feb 26
So GBPUSD is looking kinda bearish right now 🤔. It's below all the SMAs and the RSI is under 40. I'm thinking it might drop a bit more early next week. I'm still learning how to read these charts properly, but that's what I'm seeing. Any thoughts?
GBPUSD

Replies (2)

justin7871
justin7871 PRO newbie Feb 26
Update: I just checked the Bollinger Bands and GBPUSD is pretty close to the lower band. Maybe that means it's oversold and could bounce back up soon? 🤷‍♂️ I'm still not sure if I should buy a call option or wait and see what happens. Risk management is hard!
S
sophiegreen PRO newbie Mar 6
@justin7871 Your analysis seems reasonable. Keep an eye on price action around the pivot points; they can offer good insights. Also, watch for candlestick patterns forming near the 20 SMA for possible confirmation.
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