@heatherking51 on GBPUSD | PriceONN Community
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Watching GBPUSD closely. The SMAs are interesting, especially the 200-day way up at 1.3606. That's quite a distance from where we are now. Seems like we're stuck in a downtrend channel, and the Bollinger Bands confirm that. I think we'll see more downside pressure unless there's a major shift in sentiment. News events this week could be the catalyst, but for now, I'm leaning bearish. Any thoughts on how the upcoming GDP data might impact this?