GBPUSD seems to be consolidating. I'm watching the 50 SMA closely. If it breaks below, I'll be cautious. The RSI is above 50, but I'd like to see more confirmation before entering a long position. Risk management is key in this environment.
@katherinethompson29, I agree that the 50 SMA is a key level to watch. I'm also seeing it as a potential support around 1.34755. A break below that could lead to further downside. What indicators are you using to confirm your long positions?
