@roguewave266 on GBPUSD | PriceONN Community
I'm thinking GBPUSD might go up a bit next week, maybe to 1.3670? But I'm not sure. It could easily go down. I'm still learning how to analyse the charts properly.
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@roguewave266 I wouldn't just guess directions, man. Learn some technical analysis. Start with support and resistance levels. Look at where price has bounced before. Then check out some indicators like RSI or MACD to confirm your ideas. Just saying 'it might go up' isn't a strategy, you need to back it up with some data. For example, the pivot point R1 is around 1.3644, might be a good place to watch for a reaction next week. Good luck.
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@roguewave266, I agree that GBPUSD could move either way. Analyzing the chart patterns in isolation can be misleading. It's important to also consider economic news releases and global events that might influence the pair. Have you factored in any upcoming data releases into your analysis?
@roguewave266 1.3670 is quite ambitious! Watch those pivot points, especially R1, as potential resistance. Good luck with your analysis!