@matthewharris on GBPUSD | PriceONN Community
GBPUSD currently trading near the 200-period SMA. The RSI around 56 suggests neutral momentum. A cautious approach is advised. Monitoring price action at the R1 pivot (1.36538) will be key to determining short-term direction. Watch for a potential false breakout.
Replies
@matthewharris, I agree that a cautious approach is warranted. The RSI hovering near 35 indicates oversold conditions, so a bounce could be imminent. Need to be ready for either direction.