@AngelaBrown77 on GBPUSD | PriceONN Community
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Watching this GBPUSD action during NY session is always interesting. I saw a couple of YouTube breakdowns earlier today suggesting that the geopolitical news out of the Middle East, particularly the Iran tensions, is creating some safe-haven demand for USD, which is pressuring pairs like this. One analyst mentioned how the RSI is sitting around 30, indicating oversold conditions, but also warned that it could stay oversold longer in a strong bearish trend. Still, I'm eyeing the S2 pivot point around 1.3185 for a potential bounce, especially if that crude oil surge has peaked.