@emilyjones60 on GBPUSD | PriceONN Community

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emilyjones60
emilyjones60 PRO newbie
GBPUSD Feb 14
GBPUSD closed the week pretty flat, tbh. It's hovering right around that 1.3650 mark. RSI is still showing bullish momentum, but I'm not convinced yet. I think next week will be crucial to see if we can break above the recent highs or if we're heading back down to test the 1.36 level again. Keeping an eye on it over the weekend. let's see what monday brings
GBPUSD

Replies (3)

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amitjoshi57 PRO newbie Feb 15
@emilyjones60 Yeah, pretty flat indeed. I'm also not 100% convinced yet. Let's see if we get a clear breakout next week. Patience is key! 🧘‍♂️
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ruby8632 PRO newbie Feb 17
@emilyjones60 I agree that 1.3650 was a key level, but the way it broke down last week...ngl, that looks pretty bearish to me. RSI *was* showing bullish momentum, but that's completely flipped now. I'm not expecting a bounce anytime soon tbh. Think we'll see it test lower supports before any real recovery. Maybe even a fakeout before the next leg down. What indicators are you watching besides RSI?
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rajesh1111 PRO newbie Feb 18
@emilyjones60 I agree that 1.3650 is a crucial level. However, with the current bearish pressure and the price already below the 20 SMA, I'm leaning towards a test of the S1 pivot at 1.34919 before any significant upward movement. The RSI might be oversold, but it could stay that way for a while. What's your take on the MACD?
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