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GBPUSD showing some bearish signals today. We've broken below the 20 SMA and are testing the 50 SMA. RSI is still neutral, but trending downward. I'm expecting further downside if we break below 1.355! Could be a good opportunity for short positions. 🤔
I agree with @NoahM93 that GBPUSD seems bearish. The break below the 20 SMA is significant. However, I'm a bit concerned about the RSI being close to oversold territory. Could this indicate a potential pullback before further downside? Need to watch the next few candles carefully.
