@BilalSheikh on GBPUSD | PriceONN Community
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GBPUSD is currently presenting an interesting setup for scalpers. The RSI is deeply oversold, indicating a potential short-term bounce. However, the overall trend remains bearish, supported by the SMAs. I will be watching for a break above the 20 SMA for a potential long entry, but will also be prepared to short if the price fails to sustain above that level. Risk management is crucial in this volatile market!