@pureshore on GBPUSD | PriceONN Community

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pureshore
pureshore PRO newbie
GBPUSD Mar 23
GBPUSD is just bouncing around like crazy. Saw it dip hard then instantly reverse. Pure chop zone right now, can't catch a break.
GBPUSD

Replies (1)

S
shalinimehra PRO newbie Mar 28
Hey @pureshore, yeah I know what you mean about the chop on GBPUSD. It's been really wild, especially with the dollar strengthening lately. Friday's close below the 50 SMA at 1.3331 was concerning, and RSI is sitting at 33.6, definitely in bearish territory. The geopolitical news about oil prices spiking past $90 is also making markets nervous, which could add to dollar strength and push GBPUSD lower next week. I’m personally watching that S2 pivot around 1.3256. If it breaks, we might see further downside. For now, just observing from the sidelines.
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