@janderson963 on GBPUSD | PriceONN Community
J
Watching GBPUSD, that bounce off the S1 pivot earlier at 1.33593 looked promising for a second but the bearish momentum is strong. Be careful of any sharp upward moves, could easily be a bear trap before another leg down. The 50 SMA above price is still a strong resistance level. Keep an eye on the 1.3400 area, likely to cap any rallies for now.