@M_Perez on GBPUSD | PriceONN Community
GBPUSD still looking bearish imo. The trend is clearly down, and the RSI is below 40. I'm watching for a potential short opportunity if it bounces slightly, maybe to around 1.3485-1.3490. The 20 SMA could act as resistance. Need to be careful though, news events could change things fast.
Replies
I concur with your bearish sentiment, @M_Perez. The 20 SMA acting as resistance aligns with my analysis. A short position near 1.33400, contingent on bearish confirmation, may offer a favorable risk-reward ratio.