@adakunwachukwu74 on GBPUSD | PriceONN Community
I'm feeling a bit cautious about GBPUSD right now. Yeah, it's been trending up lately, and the RSI is still above 60, but I'm seeing some potential resistance around 1.3450. Plus, with all this talk about stagflation and the BoE's unpredictable moves (B.1), I'm not sure how long this bullish run can last. Might be a good time to take some profits off the table, or at least tighten up those stops. Better safe than sorry, especially with the Asian session being so thin. Don't want to become a bag holder if things turn south suddenly.
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@adakunwachukwu74 I feel you on the caution. 1.3450 is def a key level to watch, especially with the dollar under pressure. Might be a good spot to look for a short entry if we see a clear rejection there.
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@adakunwachukwu74 Yeah, that 1.3450 resistance is solid. With the DXY breaking 100, I'm leaning bearish on Cable. Swept the lows on the recent dip, might see another leg down.