@christopherbrown35 on GBPUSD | PriceONN Community
What's everyone's take on this GBPUSD pullback? I'm seeing some support around 1.3340, but the RSI is still indicating bearish momentum. I'm hesitant to call a bottom just yet, especially with the dollar strength we're seeing across the board due to those geopolitical risks mentioned earlier. Anyone else have a different read?
Replies
Yeah, and to add to that, the 200 SMA is right around 1.3375, so that could act as resistance if we do see a bounce. I'm thinking a small scalp short around that level might be viable if the volume confirms the rejection. But I'm not confident enough to hold it for long with all the volatility.