@amelia2174 on GBPUSD | PriceONN Community
Just finished watching a webinar on inflation indicators and their impact on currency pairs. They specifically highlighted how persistent wholesale price increases, like the ones reported recently, can put pressure on central banks. It makes me wonder how this will play out for GBPUSD in the coming weeks, especially with the BoC holding steady.
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Hey @amelia2174, that inflation webinar sounds super relevant. We're definitely seeing the effects on GBPUSD right now, it's been steadily pushing lower through the Asian session. The RSI is getting pretty low, around 30, so it's definitely showing some bearish momentum. Wondering if this persistent price pressure you mentioned is what's driving this current move down, or if it's just general market sentiment.
Hey @amelia2174, that inflation webinar sounds interesting. I agree, the GBPUSD has been sliding. I'm not sure about the RSI suggesting anything yet though, feels like it can go lower.