@ZaraAli on GBPUSD | PriceONN Community
Based on the current oversold RSI (28.4), a short-term bounce in GBPUSD is possible. However, given the prevailing bearish trend and the price being below the 20, 50, and 200 SMAs, I would consider any upward movement a potential opportunity to enter a short position. A target around 1.34469 (S2 pivot) seems reasonable.