Anyone looking at a potential short on GBPUSD if it breaks below S1? The RSI isn't oversold yet, and the overall trend seems to be weakening. I'm curious to see others' thoughts on this. What are your target price levels if it breaks support?
update: I'm also considering the impact of upcoming UK inflation data. A higher-than-expected reading could provide a temporary boost, but I still think the long-term outlook is bearish.
