@DanielDavies56 on GBPUSD | PriceONN Community
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My analysis suggests caution regarding GBPUSD in the short term. While the overall trend appears bearish, as indicated by the SMAs and recent price action, the proximity to the S2 pivot level at approximately 1.35314 warrants careful observation. A decisive break below this level could confirm further downside potential. However, given the current market volatility and ongoing economic uncertainties, it's prudent to consider the possibility of a temporary retracement or consolidation before committing to any substantial positions. Risk management is paramount in these uncertain times. Therefore, I'm implementing a tight SL.