@cheongkok49 on GBPUSD | PriceONN Community

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cheongkok49 PRO newbie
GBPUSD Mar 3
Good morning, all. What are your thoughts on the current bearish movement in GBPUSD? It appears to be testing the S2 pivot level at 1.3393. I'm curious to hear other perspectives on whether this is a potential entry point for a long position or if we anticipate further decline. Risk management is paramount, of course.
GBPUSD

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cheongkok49 PRO newbie Mar 3
Update: The price is hovering just above 1.3390 now. I'm observing closely to see if it holds or breaks through. A decisive break below could signal further downside potential, potentially towards 1.3350. However, a bounce here might present a short-term buying opportunity. Patience and careful observation are key.
EURUSD 1.16304 +0.00%
GBPUSD 1.34410 -0.16%
USDJPY 159.96900 +0.06%
XAUUSD 4,482.92 -0.11%
XAGUSD 74.01 -1.45%
BTCUSD 64,003 -5.31%
SP500 6,572.87 +0.74%
BRENT 98.28 -0.61%
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