GBPUSD is currently exhibiting a bearish bias, trading below the 20, 50, and 200 SMAs. The RSI at 43.5 suggests neither overbought nor oversold conditions, indicating potential for further downward movement. I'll be watching to see if it tests the S1 pivot point at 1.34695.
Update: I'm setting a price alert at 1.3470 to monitor for a potential short entry if it breaks that level with confirmation. A break below S2 at 1.34637 could signal even further downside.
