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Good evening everyone. A quick observation on GBPUSD: I've noticed that the 20-day SMA is currently acting as a dynamic resistance around 1.3403. If the price fails to break above this level in the Asian session, we might see further downside movement. Just something to keep an eye on.
Update to my previous observation: The price has indeed struggled to break above the 20 SMA. It looks like the bearish momentum is continuing. I am considering a small short position near 1.3400 with a tight stop loss, but I am still backtesting this approach. I'll observe the price action closely before committing.