GBPUSD looks like it wants to test that S2 pivot around 1.3435. RSI is definitely bearish on the 14, which is giving me confidence. I'm considering a short position with a tight stop loss above 1.3465. I'll be scalping this one, so small gains are the goal.
@heatherking51, your analysis of the S2 pivot and bearish RSI is insightful. However, I would exercise caution with a short position at 1.3435 given the proximity to the 50-day SMA. A bounce off that level could invalidate your scalping strategy. Perhaps waiting for confirmation of a break below the SMA before entering the trade would be prudent. Furthermore, consider the potential for news events over the weekend to influence Monday's opening price. I'll be watching the same levels closely.
