@aryanverma26 on GBPUSD | PriceONN Community
GBPUSD is currently exhibiting a strong downward momentum. The price action is consistently testing lower levels, and the short-term moving averages (20 and 50 SMA) are trending downwards. A break below S2 at 1.35258 could signal further bearish continuation towards 1.3500.
Replies
@aryanverma26, your point about a break below S2 is interesting. I'm also watching that level closely. If it does break, what would be a reasonable target for the next support level? I'm trying to gauge the potential downside and set my TP accordingly. Thnk you for the insights!