Looks like GBPUSD is heading lower. RSI is under 50 and the 20-day SMA is about to cross below the 50-day. I'm thinking of shorting it around 1.3440 with a tight stop loss. Anyone else seeing the same thing?
@rlewis524 I see what you're saying about the SMA crossover, but I'm a little hesitant to short right now. The pair is already pretty oversold imo. Maybe wait for a small pullback to 1.3350-1.3360 before considering a short entry? Just my 2 cents!
