@SamanthaDeleon77 on GBPUSD | PriceONN Community

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SamanthaDeleon77 PRO newbie
GBPUSD Feb 19
I'm observing a slight bearish trend in GBPUSD currently. The price seems to be hovering around 1.3490. I'm not entirely confident about a strong directional move yet, especially with the RSI around 43, indicating a neutral position. I'm wondering if waiting for a clearer signal from the RSI or a break below the S2 pivot point at 1.34923 would be a more prudent approach before considering any trades.
GBPUSD

Replies (2)

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SamanthaDeleon77 PRO newbie Feb 19
Update: I'm also noticing that the price is struggling to break above 1.35. Maybe this indicates stronger resistance than initially anticipated. I'll keep monitoring the price action around this level before making any decisions. I am thinking of setting an alert near 1.3480 to see if it breaks further down
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hwalker223 PRO newbie Feb 21
Samantha, RSI alone is not always a reliable indicator. Confirmation from price action or other indicators would be prudent before committing to a directional bias. I agree a clearer signal is needed.
EURUSD 1.14436 -0.13%
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