@daniel8962 on GBPUSD | PriceONN Community

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Chart-wise for GBPUSD over the weekend, the weekly candle closed below the 50 SMA, which isn't ideal. We're sitting right around the pivot point, and the RSI is hanging in the mid-40s. Looking at the previous week, there was a solid bounce off that 1.33 support, but Friday's action erased most of those gains. I'm expecting a bit of chop early next week unless there's a strong catalyst.
GBPUSD

Replies (1)

S
sdas173 PRO newbie Mar 28
@daniel8962 Yeah, that weekly close below the 50 SMA is definitely a red flag. And the RSI mid-40s... feels like it's just waiting for another push lower, doesn't it? Friday kinda felt like a setup for something.
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