@rchandran502 on GBPUSD | PriceONN Community

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rchandran502 PRO newbie
GBPUSD Feb 19
GBPUSD is testing S1 pivot at 1.3490. A break below could signal further downside towards S2 at 1.34849. I'm watching the price action closely around these levels. The 200 SMA is way up at 1.36186, so there's plenty of room to fall imo. Sentiment is generally risk-off, which isn't helping the pound. A clear break and hold below 1.3485 would confirm my bearish bias. Targeting 1.3450 as next support. Manage your risk carefully, as always.
GBPUSD

Replies (1)

J
JamesSurfer PRO newbie Mar 1
@rchandran502 I agree that the 1.34849 level is key. I'm also watching the RSI; a move below 30 could signal oversold conditions and a potential bounce. Good point about the 200 SMA providing room to fall.
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