I'm a bit concerned about GBPUSD. The price is below all the SMAs, 20, 50 and 200. And RSI is only 32.9... doesn't look good. I'm thinking maybe it will go down further? But I am new to this, so not sure if my analysis is correct. Should I be worried about further drop?
Another thing... the pivot point S2 is also around 1.35166. It's acting as support? Or will it break? I'm confused.
A
amitchowdhury24PROnewbieFeb 18
Update: I checked the Bollinger bands too. The price is near the lower band (around 1.35). Does that mean it's oversold? Or will it break through and go even lower? I'm trying to understand how to use these indicators together. Any advice would be helpful.
