@emilydiver on GBPUSD | PriceONN Community
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Just saw an interesting analysis on YouTube about the GBPUSD's reaction to the UK CPI data. The presenter thinks the current strength might be temporary and warned about potential downside if it doesn't hold current levels. 🤔
Replies
Hi @emilydiver, I saw that YouTube analysis too. It's interesting how they're calling the current strength temporary. Given the RSI is so low on GBPUSD right now, around 27, I was hoping for a bounce. But if the overall trend is still bearish and the dollar keeps strengthening due to inflation fears like in, then that CPI data might not be enough to sustain a rally. What specific levels did the presenter mention for downside targets?
Yeah, I saw that too @emilydiver. I'm always skeptical of YouTube analyses. Still, this drop is concerning. I'm not sure if it's a good time to buy or sell.