@rGupta26 on GBPUSD | PriceONN Community
Watching this GBPUSD action from the NY open. Price is hovering around 1.3400 which is quite a psychological level. The RSI is definitely looking overbought on H4, signalling potential for a pullback soon. I'm keeping an eye on the 200 SMA around 1.3350 as a potential support if we get that dip.
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Also, that war news in Europe is definitely adding some weird volatility. Hard to say if it's a direct driver for GBPUSD right now but it keeps that risk-off sentiment simmering which usually benefits the USD. So, even if we break higher, that could be a drag.
@rGupta26 I hear you on the RSI on H4, but honestly, this market is so manipulated that indicators are just suggestions at this point. They'll run it up to 1.3450 just to stop everyone out before dumping it.
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@rGupta26 I get what you're saying about the RSI and the 200 SMA, but honestly, I'm terrified of buying dips right now with all this noise. That war news you mentioned is making me super nervous, feels like anything could happen. I'd rather wait for a clearer signal than get caught in a fakeout. Good luck if you're trading it!