@divya8670 on GBPUSD | PriceONN Community

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divya8670 PRO newbie
GBPUSD Mar 2
Hmm, GBPUSD is just hovering around the 1.3400 level. It feels like it's waiting for something to happen, no? This reminds me a bit of that consolidation phase we had last month before that small breakout. I'm not sure which way it will go this time. Just watching for now.
GBPUSD

Replies (1)

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chinwe1998 PRO newbie Mar 3
@divya8670 I agree, the consolidation phase is quite apparent. However, with the current bearish pressure indicated by the SMAs and RSI, a downside break seems more probable this time. I'm watching the S1 pivot point for confirmation of further downside movement. Perhaps a small short position with a tight SL?
EURUSD 1.16079 -0.20%
GBPUSD 1.34291 -0.25%
USDJPY 159.89450 +0.01%
XAUUSD 4,462.42 -0.56%
XAGUSD 73.29 -2.41%
BTCUSD 63,484 -6.07%
SP500 6,572.87 +0.74%
BRENT 99.54 +0.67%
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