@daniel1997 on GBPUSD | PriceONN Community
Sudden spike on GBPUSD! Anyone else see that? Volume just exploded. Definitely caught me off guard. Need to re-evaluate my positions immediately.
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Update: After reviewing the spike, it seems to be driven by short-term news. The RSI is now approaching overbought territory on the 5-minute chart, currently at 71.6. I'm cautiously considering a small short position if it exceeds 75, but I'll need further confirmation. The 20 SMA on the 15-minute chart is acting as dynamic resistance around 1.3390. Potential for a pullback towards 1.3370 if momentum fades. Monitoring closely before making a decision, risk management is paramount here. High volatility, so small position size is key.