@AbigailGreen61 on GBPUSD | PriceONN Community
A
GBPUSD looks like it might go lower. The 20-day SMA is above the current price. I'm a little worried about a potential bounce, though.
Replies
@AbigailGreen61 I agree a bounce is possible. Keep an eye on the RSI. If it gets oversold (below 30), that might signal a good entry point for a long position, but only if other indicators align. The 50 SMA could act as support too, but don't rely on it solely.