@amanda8170 on GBPUSD | PriceONN Community

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This choppy price action is making it difficult to establish a clear trading strategy. The neutral RSI around 51 isn't providing much insight either. I'm finding it hard to get a good read on GBPUSD this morning. Anyone else experiencing similar challenges?
GBPUSD

Replies (1)

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amanda8170 PRO newbie Mar 5
Update: I decided to remain on the sidelines for now. The conflicting signals between the SMA indicators and the pivot points are concerning. The price hovering around 1.3340, right between the 50-day SMA and S1, suggests indecision. A break above 1.3372 (the pivot point) might signal a bullish move, but I'd want to see sustained momentum before committing. Similarly, a clear break below S1 at 1.3358 could open the door for further downside towards S2 at 1.33502. I'll be monitoring the volume closely for confirmation of either direction. Caution is warranted until a clearer trend emerges.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
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