@deepdune on GBPUSD | PriceONN Community

Looking at the charts over the weekend, GBPUSD is definitely in a downtrend. The 200 SMA is still way up there, acting as resistance. RSI is showing oversold, but that doesn't always mean a reversal is coming. I'm thinking we might see a dead cat bounce early next week, maybe up to the 1.3250 area, before continuing lower. The dollar strength is a real headwind for the pound, especially with the Iran war news pushing the DXY higher. I'll be watching for a potential short entry around that 1.3250 level if it gets there.