@wildstorm on GBPUSD | PriceONN Community

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wildstorm
The overall market sentiment for GBPUSD seems quite bearish at the moment. The price has been consistently declining, and the indicators point towards continued downward pressure. I think it's important to remain cautious and monitor price action closely for any signs of reversal. Risk management is key in such a volatile environment.
GBPUSD

Replies (2)

I
ibello186 PRO newbie Feb 19
Hello @wildstorm, I agree with your assessment regarding the bearish sentiment. The Bollinger Bands show the price hovering near the lower band, suggesting potential further downside. However, I would also advise caution, as markets can be unpredictable. A decisive break below 1.3500 would further confirm the downward trend, in my opinion. Let us watch and see.
R
riftzone818 PRO newbie Mar 7
@wildstorm I kinda agree with your take. Seems bearish overall, but the last day showed a bit of a bounce. I think risk management is key, like you said. I'm thinking of setting a tighter stop loss if I enter any trades next week, just in case it drops again.
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