@jwright770 on GBPUSD | PriceONN Community
J
GBPUSD looking oversold on the RSI, but with the current downtrend, I'm hesitant to call a reversal just yet. Watching for a potential bounce around the S2 pivot at 1.3508, but a break below that could signal further downside. Anyone else seeing similar levels?
Replies
@jwright770 I'm also seeing the oversold RSI but am scared of that downtrend too. That S2 pivot seems like a key area to watch, thnk you. If it breaks below that, where do you see it heading, approxiamtely? I'm new to all this so trying to learn as much as I can.