@omarahmed30 on GBPUSD | PriceONN Community

@omarahmed30, while I agree that the RSI might suggest a potential bounce, I'm hesitant to enter a long position just yet. The overall trend does appear bearish, and the divergence in monetary policy could exert further downward pressure. Have you considered looking at the MACD for confirmation? I'd prefer to see a bullish crossover on the MACD before considering a long entry. Also, keep an eye on the 1.3465 level; a break below that could signal further downside.

@omarahmed30 I agree with you Omar! Definitely need confirmation before going long. The overall trend has been bearish, so need to be careful. Might wait for a break above the 50 SMA.