@rking938 on GBPUSD | PriceONN Community

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rking938
rking938 PRO newbie
GBPUSD Feb 17
Market sentiment seems pretty bearish on GBPUSD right now. The overall trend has been downwards, and with the RSI below 40, it's looking like it might continue. I'm watching the support levels closely to see if they'll hold, but a break below could lead to a significant drop. Just trying to figure out best entry point.
GBPUSD

Replies (1)

D
DavidAnderson55 PRO newbie Feb 20
@rking938 You're spot on about the bearish sentiment. RSI is definitely confirming that. The support levels are key here. I'd add that the overall risk-off environment is also weighing on GBP. Keep an eye on news related to the BoE; any dovish signals could exacerbate the decline. I'm also watching the DXY; a stronger dollar will put even more pressure on GBPUSD. Good luck with your trading!
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