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Anyone else noticing the potential for a short-term pullback on GBPUSD? The RSI is showing overbought conditions on the H4 chart, and we're approaching the 200 SMA around 1.3404. I'm considering opening a small short position if we see a confirmed bearish candle. Thoughts?
@WildCard35 I agree, that 200 SMA is definitely a key level to watch. A confirmed bearish candle there could signal a good short opportunity. I'll be keeping an eye on it too.
