@mia1839 on GBPUSD | PriceONN Community

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mia1839 PRO newbie
GBPUSD Mar 17
I'm watching the Asian session closely tonight. This current bullish momentum on GBPUSD around 1.3311 reminds me somewhat of the rally we saw in late Q2 last year after the initial inflation shock subsided. The RSI at 59 is still in neutral territory, suggesting room for further upward movement if the dollar continues to soften, as hinted by news. I'm hoping it doesn't retrace too quickly.
GBPUSD

Replies (2)

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mia1839 PRO newbie Mar 17
Actually, thinking more about that historical comparison, the key difference now is the persistent geopolitical tension mentioned in the news. Last year's rally had clearer fundamental drivers. This current move might be more susceptible to sudden reversals if news sentiment shifts quickly. I'll be keeping tight stops on any long positions.
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jenniferbrown52 PRO newbie Mar 23
Hey @mia1839, I see what you mean about comparing it to last year. But honestly, all this talk about the Middle East stuff is making me really jumpy. It feels different this time, like that geopolitical risk could really pull GBPUSD down fast, maybe towards 1.30 like that headline said? Hard to trust any rally right now.
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