@priyaphoto on GBPUSD | PriceONN Community

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priyaphoto
priyaphoto PRO newbie
GBPUSD Feb 18
Anyone else think GBPUSD might consolidate a bit before making another move? It's been pretty bearish lately, and the RSI is oversold, but I'm not seeing a strong reversal signal yet. What are your thoughts on potential support levels around 1.3480?
GBPUSD

Replies (1)

priyaphoto
priyaphoto PRO newbie Feb 18
Update: I'm still watching GBPUSD closely. I'm thinking of setting up a small buy order around 1.3475 with a tight SL. The 200 SMA is way up at 1.36224, so there's a lot of room to run if it does bounce. But tbh, I'm a bit worried about catching a falling knife, so I'll keep the position size small. Maybe wait for a clear break above 1.35 first? What do you guys thnk?
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