@CyclistKimberly on GBPUSD | PriceONN Community
GBPUSD is exhibiting a relatively neutral trend currently, as indicated by the RSI around 56. However, the pair is trading below the 50-day SMA, suggesting potential bearish pressure. I will be monitoring price action closely around the 1.3450 level for a potential short opportunity if it fails to hold.
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Update: I'm also watching the Bollinger Bands. The upper band around 1.35 could act as significant resistance. A break above that level might invalidate my short bias, but until then, I'm expecting range-bound movement with a slight bearish inclination. A retest of S1 pivot at 1.34506 is possible.