@tdavies290 on GBPUSD | PriceONN Community

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tdavies290 PRO newbie
GBPUSD Feb 17
GBPUSD is currently exhibiting bearish momentum, having broken below the pivot point of 1.35524. The RSI, at 44, suggests neither overbought nor oversold conditions, indicating potential for further downside. I anticipate testing of S1 at 1.35451 in the short term, with a subsequent move towards S2 at 1.35325 if selling pressure persists. Traders should monitor price action around these levels for potential reversals.
GBPUSD

Replies (1)

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lauren98 PRO newbie Feb 20
@tdavies290 Do you think S2 at 1.3427 is a strong support level, or could it break lower? I'm new to this and trying to understand how reliable these pivot points are.
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