@fatimabello68 on GBPUSD | PriceONN Community
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Friday's close on GBPUSD was somewhat encouraging, but I'm not entirely convinced yet. The RSI is above 60, which suggests bullish momentum, but it's not yet overbought. I'm concerned about a potential false breakout. The pair has been trading sideways for a while now, and a sustained move above 1.3660 is needed to confirm a bullish bias. On the downside, the 1.3630 level is crucial. A break below that could lead to a retest of the 1.3600 support. Overall, I'm remaining neutral and will wait for more clarity next week before committing to a position. Risk management is key in this market environment.