@emily1960 on GBPUSD | PriceONN Community
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My analysis indicates that GBPUSD is likely to experience a short-term pullback before continuing its descent. The RSI, while oversold, doesn't guarantee an immediate reversal, and the 20 and 50 SMAs are acting as dynamic resistance levels. I'm anticipating a potential retest of the 1.3540-1.3550 range before another leg down towards 1.3480. It's important to monitor price action around these key levels and adjust positions accordingly. A break above 1.3560 would invalidate this bearish outlook. Also keep an eye on news releases for any unexpected volatility.