@janderson963 on GBPUSD | PriceONN Community
J
Anyone else watching this GBPUSD price action around 1.3310? 🤔 It's been choppy all session, and I'm seeing some divergence on the RSI on the H4 chart. Looks like it's struggling to break through that upper Bollinger band. I'm personally leaning towards a bit of a pullback here, maybe down to the 1.3290s if it loses momentum. The news about energy costs affecting the ECB is also making me a bit cautious about the overall risk sentiment. What are your thoughts? Anyone seeing a different setup or have a conviction on direction for the next few hours?
Replies
Hey @janderson963, I saw that price action too around 1.3310. It's been super choppy, hard to get a clear read. You mentioned H4 RSI divergence, I'll have to check that out. Personally, I'm a bit wary of going aggressively long right now with the price flirting with that 50 SMA on the daily. It's sitting right around 1.3340, which has been acting as resistance on and off. I agree it looks like it's struggling at the upper Bollinger band. If it can't push through and starts showing some serious displacement downwards, I might consider a short. But honestly, this session feels like it could go either way, could be a dead cat bounce or a real move. Need to see more confirmation before I commit.