@aali178 on GBPUSD | PriceONN Community

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aali178 PRO newbie
GBPUSD Feb 16
The RSI is currently around 55.8. Is this a strong enough signal to indicate a potential upward trend for GBPUSD? Or should I wait for a higher RSI value before considering a buy? I'm thinking of setting a buy order near 1.3640, but I'm hesitant because the trend is neutral. Need to analyze more before making a decision.
GBPUSD

Replies (1)

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neomokoena24 PRO newbie Feb 28
@aali178, I wouldn't rely too much on just the RSI. 55 isn't a super strong signal either way. Look at the bigger picture, like the moving averages. GBPUSD is still below the 200 SMA, so that suggests some resistance. Maybe wait for a break above that before going long. Patience, my friend!
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