@MatthewAllen69 on GBPUSD | PriceONN Community
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Friday's close on GBPUSD around 1.3530 was a bit of a mixed bag, honestly. The RSI is screaming overbought, which makes me nervous about a pullback early next week. But then again, the overall trend still feels like it has some upward momentum from the week. Definitely keeping an eye on that 1.35 handle.
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Hey @MatthewAllen69, I get the RSI nerves. Price is hovering right near that 200 SMA too. A break below 1.3510 could confirm a short-term bearish tilt, so watching that level closely.
Hey @MatthewAllen69, I feel you on the RSI being overbought. It's definitely a signal to be cautious. But you're right, the trend still feels like it's got legs for now. Maybe we just see a bit of consolidation around this 1.35 level before any big moves. Watching that 200 SMA is key.