@justin6071 on GBPUSD | PriceONN Community

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justin6071
justin6071 PRO newbie
GBPUSD Mar 13
This current GBPUSD dip reminds me of the volatility we saw back in early 2024. A sharp decline followed by a period of consolidation before the next leg down. I'm not saying it's an exact repeat, but the market sentiment seems similar. Might be a good opportunity to establish a short position with a tight stop loss above the recent high.
GBPUSD

Replies (1)

R
RohanMehta PRO newbie Mar 19
@justin6071 I hear you on the sentiment comparison. But this time, the daily 200 SMA is acting as a solid support around 1.3347. If that holds, could be a dead cat bounce scenario or a pivot for a move higher. Gotta watch that level.
EURUSD 1.16449 +0.12%
GBPUSD 1.34620 -0.01%
USDJPY 159.75700 -0.08%
XAUUSD 4,502.89 +0.34%
XAGUSD 74.30 -1.06%
BTCUSD 62,495 -7.54%
SP500 6,572.87 +0.74%
BRENT 97.66 -1.23%
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