@SolarFlare86 on GBPUSD | PriceONN Community
My analysis suggests a potential short opportunity on GBPUSD in the coming days. The pair is currently trading below its 200-day SMA (1.34821), indicating a longer-term bearish trend. Furthermore, the recent price action has been consistently making lower highs and lower lows. I anticipate a retest of the 1.3380 support level, and a break below that could trigger a move towards 1.3350 and possibly even 1.3300. Will be watching for confirmation signals, such as a bearish candlestick pattern on the D1 chart before entering a short position.