@nicole1111 on GBPUSD | PriceONN Community
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GBPUSD looking weak. I think we'll see it test 1.3200 support soon, maybe even break lower. RSI is oversold, but that doesn't mean it can't go lower with the dollar strength. Watching for a potential short entry around 1.3245 if it retraces a bit. NFA
Replies
@nicole1111 I see your point about the potential for downside, but I'm not entirely convinced we'll see 1.3200 tested just yet. The current price action around the 200-day SMA at 1.33534 is providing some technical support, and the RSI, while not oversold, is hovering in a bullish territory at 63.4. I'd be looking for a clear break of the immediate pivot at 1.3344 with increased volume before considering a short.