@wshaikh877 on GBPUSD | PriceONN Community

GBPUSD analysis indicates a fascinating setup for the coming days. While the current trend appears neutral, the broader context suggests a possible short opportunity. The price is trading below the 200 SMA (1.34665), which often acts as a significant resistance level. Furthermore, the Bollinger Bands indicate increasing volatility, and a break below the lower band around 1.33 could signal a strong bearish move. I'll be monitoring price action around the pivot point (1.33461) for confirmation. My strategy involves looking for short entries near R1 (1.33596) with a tight stop-loss above R2 (1.33691), targeting S1 (1.33366) and potentially S2 (1.33231) as take-profit levels. Risk management is key here!