@jWilson11 on GBPUSD | PriceONN Community
J
Okay, so I've been doing some digging on GBPUSD, and here's what I'm seeing. The 200 SMA is acting as a pretty strong resistance around 1.3500. If we can't break through that, I think we're headed for a deeper correction. The RSI is still neutral, but it's trending downwards, which supports a bearish outlook. I'm considering opening a short position if we see a clear rejection at that 1.35 level. SL would be tight, maybe around 1.3520. What do you guys think? Am I missing anything?