@DanielDavies on GBPUSD | PriceONN Community
What's everyone's overall sentiment on GBPUSD right now? It seems to be trending downwards, but I'm not entirely sure if this is a temporary dip or a more significant shift. I'm trying to understand the bigger picture before making any decisions. Any insights would be appreciated.
Replies
Also, how reliable is the RSI in this situation? It's currently neutral, but I'm aware that it can sometimes give false signals.
Update: I've noticed the price is hovering around 1.356. Is this a key level to watch for a potential bounce, or should I expect it to fall further?
E
Daniel, tbh, it's a bit of both. Short-term dips within a longer-term uptrend. I'd wait for a clearer signal before committing. Maybe watch the 50 SMA for support.