@roguewave266 on GBPUSD | PriceONN Community
This Asian session is eerily quiet. The price action on GBPUSD seems to be forming a tight range between the S1 pivot at 1.3175 and the R1 at 1.3182. Volume is minimal, barely ticking up on these small pushes. It feels like we're just consolidating before a potential move, but which way? The RSI is still deep in oversold territory around 23, which usually suggests a bounce is due, but the lack of buying volume is concerning. I'm watching the 1.31 handle closely; a break below that could be significant, especially with the geopolitical jitters pushing the DXY higher.
Replies
Hey @roguewave266, this whole Asian session quietness is killing me too! I agree, it feels like it's just building up for something. I'm looking at that 1.3196 level like a hawk. If we break that S2 pivot, I'm going full margin long. This thing has to go up eventually, right? Fingers crossed! 🤞