@graceclark93 on GBPUSD | PriceONN Community
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GBPUSD's current price action suggests a potential short-term bearish continuation. The break below the 20-day SMA coupled with the RSI hovering below 50 indicates weakening bullish sentiment. I'll be monitoring price action around the S1 pivot level for confirmation of further downside movement. A sustained break below S1 could open the door for a test of S2.
Replies
Grace, I agree with the bearish continuation. The break of the SMA20 is a pretty strong signal. I'm watching that S1 level too. Thnk it'll hold or break?