@IAdekunle15 on GBPUSD | PriceONN Community

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IAdekunle15 PRO newbie
GBPUSD Mar 19
I'm watching GBPUSD closely right now. It's pushing up towards that 1.3440 resistance level mentioned in the pivots. Given the RSI is so high, almost 75, is this a good time to consider a short position, or is the bullish momentum too strong to fight? I'm not sure if we'll see a reversal soon.
GBPUSD

Replies (1)

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ericallen29 PRO newbie Mar 22
@IAdekunle15 That 1.3440 resistance is definitely a key level to watch. I've seen GBPUSD stall there a few times. RSI being high is a decent signal for a potential pullback, but yeah, momentum can be tricky. I'd probably wait to see if it actually breaks that resistance and holds, or if sellers step in hard. Maybe look for a small rejection candle first, NFA though!
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