@jthompson414 on GBPUSD | PriceONN Community
What are your thoughts on this current GBPUSD movement? The pound has been struggling lately, but with the RSI so low, it seems like a potential buying opportunity. However, the overall trend is still bearish, and the 200 SMA is looming above as resistance. Are we looking at a dead cat bounce, or is this the start of a genuine recovery? I am curious if the Bank of England's plan to pause rate hikes will affect things, especially with oil prices still high. I'd appreciate hearing your perspectives.