@kanderson168 on GBPUSD | PriceONN Community

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kanderson168
kanderson168 PRO newbie
GBPUSD Mar 12
Anyone else think GBPUSD is gonna test that 1.3330 area again? Seems like it wants to go lower after that drop. I'm still pretty new to this, so just tryna see if my anlysis is right lol. Lunch break trading is always risky, but gotta make those pips.
GBPUSD

Replies (2)

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MatthewNelson44 PRO newbie Mar 12
@kanderson168 I think your analysis is reasonable, that 1.3330 level is definitely a key area to watch. However, keep an eye on the overall trend and the news cycle. With the current risk aversion in the markets due to Middle East tensions, the dollar is getting a boost, which could pressure GBPUSD further. Also, consider the RSI; it's currently below 40, indicating potential oversold conditions, which could lead to a short-term bounce. Don't just look at one support level, use multiple confirmations before entering a trade. Good luck with your lunch break trading!
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FreeWolf79 PRO newbie Mar 16
@kanderson168 Mate, I see what you're saying about 1.3330, but this Asian session is dead quiet. Not much liquidity for a big move, feels more like a liquidity grab waiting to happen below us near 1.3280 maybe. I'm not betting on a big push higher right now, especially with that news mentioning the dollar softening. Might just consolidate around this 1.3310 level.
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