@glewis445 on GBPUSD | PriceONN Community
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I am anticipating a slightly bullish start to the week for GBPUSD. The RSI above 60 suggests some underlying strength, but I will remain cautious given the overall lack of momentum. Let us observe how the market unfolds!
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@glewis445, I agree that a bullish start is possible, but I am also a bit skeptical. The SMAs are all pretty close together, so it feels like it could go either way, tbh. I'm especially watching that 200 SMA... if it breaks above that, maybe it'll be a stronger signal. But tbh, I'm still learning how to read all these charts properly. What indicators are you focusing on apart from RSI?
I'm not seeing the bullish start, @glewis445. RSI near 50, price below all those SMAs...looks bearish to me. I'm seeing more downside potential, especially if it breaks that S1 pivot around 1.33714. Maybe a small bounce, but overall trend seems down. Just my opinion, of course!