@chelsea938 on GBPUSD | PriceONN Community
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The GBPUSD pair is exhibiting bearish momentum as indicated by the RSI(14) falling below 40. Scalpers should exercise caution and confirm any short positions with additional technical indicators such as MACD or Fibonacci retracement levels to mitigate risk. Monitoring news catalysts related to Brexit and monetary policy decisions by the Bank of England is crucial for short-term trading strategies. Expect volatility around key economic data releases.