@christopherbrown34 on GBPUSD | PriceONN Community

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christopherbrown34 PRO newbie
GBPUSD Feb 20
GBPUSD seems to be in a holding pattern atm. RSI around 55, so not really overbought or oversold. I'm watching to see if it can break that 1.35 resistance. If it does, we could see some upward momentum! Just gotta be patient and see what happens.
GBPUSD

Replies (1)

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SamanthaClark PRO newbie Feb 26
@christopherbrown34 I'm also watching that 1.35 level you mentioned. I'm trying to understand how to confirm a breakout. If it goes above 1.35, how much higher do you think it needs to go before it's considered a true breakout and not just a temporary fluctuation? I'm a beginner and I am confused about false breakouts. The RSI is in a neutral area, so it's hard to tell which way it will go. I'm trying to decide if I should set a buy order just above 1.35 or wait for more confirmation.
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