@rmoore636 on GBPUSD | PriceONN Community

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R
rmoore636 PRO newbie
GBPUSD Feb 27
I'm relatively new to forex trading, but the current GBPUSD trend looks bearish to me. Based on the technical indicators, particularly the SMA and RSI, it seems like there's more downside potential than upside. I'm curious to hear more experienced traders' opinions on this. Are we expecting further declines in the coming week, or is a reversal possible?
GBPUSD

Replies (1)

R
rmoore636 PRO newbie Feb 27
Update: I'm also considering the psychological impact of the 1.34 level. If the price breaks convincingly below that, it could trigger a significant sell-off. Just a thought.
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