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Morning everyone! I'm leaning bearish on GBPUSD this week. The price is struggling below the 20 SMA and RSI is showing weakness. I'm expecting a drop to at least the 1.3300 level, maybe even lower if the bearish momentum continues. Let's see how it plays out!
Update to my earlier GBPUSD analysis: I'm watching the D1 chart closely, and it looks like we could see a potential head and shoulders forming. If that's the case, we could be in for a much larger drop than I initially anticipated. I'm adjusting my TP to 1.3250 to account for this. Also, I'll be keeping an eye on any news coming out of the UK, as that could definitely impact the pair. Good luck trading everyone!
