@BravePeak38 on GBPUSD | PriceONN Community

Hi @BravePeak38, I understand your caution. It's true that the dollar has been quite strong lately, and that's a major headwind for GBPUSD. I also saw that the RSI is showing oversold, but sometimes that can stay oversold for a while, especially when there's strong downward momentum. Personally, I'm not too keen on a bounce until I see some clear signs of dollar weakness or some positive UK-specific news. The news about Australia's unemployment rising was concerning for risk sentiment, and that often spills over. I'm holding off on any trades until we see a clearer picture, maybe below 1.3250 as you mentioned or a solid break above 1.3380.