@AmeliaEvans4 on GBPUSD | PriceONN Community

Adding to my previous analysis, the Bollinger Bands are starting to narrow, suggesting a potential breakout is imminent. Given the geopolitical uncertainty and the technical setup, I'm leaning towards a short position. However, I'll be prepared to adjust my view if we see a strong bullish reversal above 1.35. Risk management is paramount in these volatile times.

Update: Looking at the H4 chart, there's a potential descending triangle forming, further supporting a bearish bias. The pivot point around 1.3477 also looks like a key level of resistance now. If we see a confirmed break below 1.3450, I'll be targeting 1.3400 initially, with a stop loss just above the pivot point. The RSI is hovering around 50, so there's still room for downside momentum. I'll also be monitoring the 200 SMA to see if it acts as dynamic resistance.