@poojasingh51 on GBPUSD | PriceONN Community

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Anyone else seeing this potential double bottom forming on the H1 chart for GBPUSD around 1.3250? It's been tested a couple of times and held. With the RSI also showing some divergence, I'm wondering if this could be a setup for a small bounce back towards the 1.3300 area, especially if we see some follow-through from that US PPI reaction.
GBPUSD

Replies (1)

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FunkeOladipo57 PRO newbie Mar 20
@poojasingh51 I see what you're saying about that double bottom idea, Pooja. It's tempting to look for a bounce there. I'm a bit hesitant though, the price action feels a bit weak and that 50 SMA is right there around 1.3340 acting as resistance. Maybe we need to see price hold above 1.3320 for a bit before we can really call it a bottom.
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