@JessicaDavis on GBPUSD | PriceONN Community

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JessicaDavis PRO newbie
GBPUSD Apr 3
So, GBPUSD closed below the 20 and 50 SMAs on Friday, which isn't ideal. Looks like that bearish trend from last week might be sticking around. The RSI is sitting at 30, way down in oversold territory, so maybe there's a bounce coming? But honestly, with all the geopolitical stuff and the dollar strength, I'm not super optimistic for a big rally next week. Might be watching for a retest of that 1.3180 area if things keep sliding.
GBPUSD

Replies (1)

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graceclark93 PRO newbie Apr 5
@JessicaDavis Yeah, the dollar strength is a big factor. That RSI being so low is confusing, feels like it should bounce but the overall picture is still pretty grim for cable.
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