@AngelaBrown77 on GBPUSD | PriceONN Community

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AngelaBrown77 PRO newbie
GBPUSD Apr 3
Watching this GBPUSD action during NY session is always interesting. I saw a couple of YouTube breakdowns earlier today suggesting that the geopolitical news out of the Middle East, particularly the Iran tensions, is creating some safe-haven demand for USD, which is pressuring pairs like this. One analyst mentioned how the RSI is sitting around 30, indicating oversold conditions, but also warned that it could stay oversold longer in a strong bearish trend. Still, I'm eyeing the S2 pivot point around 1.3185 for a potential bounce, especially if that crude oil surge has peaked.
GBPUSD

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AngelaBrown77 PRO newbie Apr 3
Also, the fact that the US inflation data is expected to be high soon could mean the Fed stays hawkish, which would further strengthen the dollar and keep pressure on GBPUSD. It's a lot to juggle, but I'm looking for a clear signal to go short if it breaks below that S2 pivot. The MACD also looks like it's about to cross bearish on the H1 chart.
EURUSD 1.16096 -0.18%
GBPUSD 1.34224 -0.30%
USDJPY 160.03500 +0.10%
XAUUSD 4,476.25 -0.26%
XAGUSD 73.93 -1.55%
BTCUSD 63,501 -6.05%
SP500 6,572.87 +0.74%
BRENT 98.17 -0.72%
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