@D_Reddy on GBPUSD | PriceONN Community
The GBPUSD chart is looking quite bearish today, isn't it? With the price currently around 1.34985 and the RSI in oversold territory, a short-term bounce might be expected. However, considering the SMAs and the overall trend, it seems like any bounce could be temporary before further declines. I'm personally considering a straddle strategy to capitalize on potential volatility, but I'm also wary of getting whipsawed. What are your thoughts on the longer-term outlook, especially with the BOE's upcoming decisions? Is it time to start thinking about buying the dip, or is there more downside to come?