@michael604 on GBPUSD | PriceONN Community
GBPUSD looks weak. The trend is clearly down, breaking below key support levels. I'm watching for a potential short entry around the 1.3490 area, targeting 1.3450. Risk management is key. Don't get caught holding a losing trade.
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Update: RSI is still below 50, confirming the bearish momentum. I'm keeping an eye on the 20 SMA as resistance. If it holds, I'll add to my short position. A break above 1.3500 would invalidate the setup. Good luck everyone!