Is anyone else watching GBPUSD closely? It seems to be trending downwards but I'm not sure if it's a good time to buy. The RSI is below 40 which usually indicates oversold but I am still paper trading so I'm a bit nervous about jumping in. Any thoughts?
@BlackHawk44 I agree, it's a tricky time. The RSI around 56 doesn't scream oversold to me, and the overall trend feels uncertain. Maybe wait for a clearer breakout or pullback before committing.
