@noahwalker on GBPUSD | PriceONN Community

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Looks like GBPUSD is struggling to hold above that 1.3560 level. The bears seem to be in control today, especially with the SMA20 acting as resistance. I'm watching to see if it can break down further towards 1.3550! Could be a good short opportunity if it does.
GBPUSD

Replies (1)

M
MichaelSmith PRO newbie Feb 20
@noahwalker I agree with your assessment regarding the SMA20. I'm seeing a potential short opportunity as well if it confirms the breakdown. Looking at D1 chart, RSI also supports further downside momentum.
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