@aBaker99 on GBPUSD | PriceONN Community
Morning all. This GBPUSD move overnight is interesting after the Fed news. Seems like the dollar is really struggling. Anyone else see this as a sustained move up or just a dead cat bounce from the news? Watching the 1.3530 pivot point closely.
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Actually, thinking more about it, the RSI is sitting pretty neutral around 51, and we're bumping up against that R1 pivot. It could easily stall here. The volume's pretty thin this session too, so might not be the best time to chase. I reckon we'll see some consolidation before any real continuation. The Fed decision definitely shook things up for the dollar though, that's for sure. Still, I'm not ready to commit to a big bullish stance just yet.