@ChibuzoNwachukwu on GBPUSD | PriceONN Community
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I predict GBPUSD will likely continue its bearish movement in the short term, potentially reaching the 1.3250 level. The current price action is showing strong selling pressure, and the SMAs confirm the downtrend. Also, the pivot point S2 at 1.32616 aligns with this target, suggesting a strong support level that could be tested soon. While the RSI is oversold, it could remain so for a while before a significant reversal occurs. Therefore, I am anticipating further downside movement before any potential bullish correction!