@kavita8647 on GBPUSD | PriceONN Community
Curious what everyone's thoughts are on GBPUSD long-term. With the bearish RSI, a short-term downtrend seems likely. But is anyone considering a longer-term position based on fundamentals? I'm hesitant to commit either way. What are your long-term targets, if any?
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Update: I'm watching the 1.34979 level closely. That's S2. If it breaks, I think we could see a significant drop. However, if it holds, a bounce back to the 20 SMA (around 1.35529) is possible. Still on the sidelines for now. Prefer to wait for confirmation before entering a position.
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@kavita8647, tbh, I'm not seeing a strong case for long-term right now. The UK economy is still facing a lot of uncertainty. I'd be cautious about holding a long position for too long. Maybe wait for a clearer signal before committing. Just my 2 cents!