@sadiqgarba on GBPUSD | PriceONN Community
I must confess, this sideways movement of GBPUSD is quite perplexing. The RSI is below 40, signalling potential oversold conditions, yet the price remains stubbornly range-bound. I am struggling to discern whether this is a prelude to a significant breakout or simply a continuation of the prevailing bearish trend. Anyone else feeling this ambiguity?
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Update: I've decided to remain on the sidelines for now. Awaiting a clearer signal before committing to a position. Perhaps a break below S2 at 1.33423 would offer a more definitive short entry.