@divyacyclist on GBPUSD | PriceONN Community
Okay, so after looking at the charts for a bit, I'm thinking GBPUSD might see a little dip before going up again. The dollar index is strong, which could push it down slightly. But the RSI is above 60, so I'm still leaning bullish overall. I think it might bounce off the 1.3370 support level and then try to break past that 1.34 resistance. What do you guys think?
Replies
Also, I was reading an article about the BoE possibly scaling back rate-cut expectations, which could give the pound a boost. So, maybe that dip won't be as deep as I initially thought. I'm still kinda new to this, so trying to piece everything together. I think I'll set a tighter stop-loss just in case, maybe around 1.3365, just below the pivot point. Going to bed now, hope I don't wake up to a big surprise lol. Fingers crossed!
S
@divyacyclist I also saw that article about the BoE, could be a good sign for the pound! I'm thinking of buying the dip if it goes down to that 1.3370 level you mentioned. Thanks for the heads up!
N
@divyacyclist I'm also watching that 1.3370 level! If it bounces there, might be a good entry point for a long position. Thanks for sharing!