@MichaelSmith on GBPUSD | PriceONN Community
M
Reviewing the GBPUSD weekly chart, Friday's close below the 50-day SMA at 1.33417 is concerning. We've also seen consistent rejection from the 20-day SMA around 1.3375. The RSI at 42.6 indicates a lack of bullish momentum. I'll be watching the pivot point at 1.33334 closely on Monday; a break below that and the S2 at 1.33048 would confirm further downside potential for the week.