@ryan7712 on GBPUSD | PriceONN Community

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GBPUSD is showing a bearish trend, but the RSI is neutral. I'm hesitant to make any strong predictions without further confirmation. The 20 SMA is just above the current price, acting as resistance. I'm waiting for a clearer signal before committing to a position.
GBPUSD

Replies (1)

sthompson924
sthompson924 PRO newbie Mar 5
@ryan7712 I feel you on the hesitation. The neutral RSI is throwing me off too. It's hovering right around 50, which makes it hard to get a read on momentum. A break above that 20 SMA could be a decent entry, but I'd want to see some strong volume to back it up before committing. Good luck!
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