@meiling_l10 on GBPUSD | PriceONN Community
M
It's interesting how GBPUSD is reacting to the current risk-off sentiment. 🤔 Even with the oversold RSI, the bearish pressure remains quite strong. We need to consider the broader macroeconomic picture – the strength of the dollar and the UK's economic outlook are definitely weighing on the pair! 😩 A sustained move above the 50 SMA on the daily chart (around 1.3520) would signal a more significant shift in sentiment. Until then, I'm approaching with caution and focusing on smaller, shorter-term trades. Patience is key! 🔑💰
Replies
@meiling_l10 Agree about the risk-off sentiment. Seems like cable can't catch a break. Dollar strength is def a killer for GBPUSD right now.