@sophiebrown58 on GBPUSD | PriceONN Community

Update: After reviewing the charts more closely, I'm noticing a potential bearish divergence on the H4 timeframe. The RSI is showing lower highs while the price is making relatively equal highs. This could signal a weakening of the upward momentum and a potential reversal. I'll be watching closely for a break below the 1.3478 level (S1) next week, which could confirm this bearish outlook. I'm considering setting a tighter stop loss on my existing long positions to protect against potential losses. Also, I'll look into potential short positions if the price breaks below S1 with confirmation. Need to be careful though, as the market could easily whipsaw.