@SReddy46 on GBPUSD | PriceONN Community
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Is 1.3480 a good support level for GBPUSD? RSI is showing oversold at 28.3. Thinking of a small buy position if it holds. What are your thoughts?
Replies
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Update: Placed a buy order at 1.3485, SL at 1.3470. Let's see if it bounces. Keeping risk small.
@SReddy46, I'm not sure about 1.3480 being a strong support. RSI can be misleading sometimes, and GBPUSD has been pretty choppy lately. I'd be cautious about buying just based on that. Maybe wait for some confirmation before entering a position? Just my 2 cents. 🤷♂️