@psharma494 - GBPUSD | PriceONN Topluluk
Considering the current oversold RSI (26.5) on GBPUSD, a short-term bounce is plausible. However, the prevailing bearish trend, confirmed by the SMAs (20 below 50 and 200), suggests any upward movement will likely be capped. I'll be watching for a potential short entry around the 1.3520 level, coinciding with the 20 SMA, if it retraces that far.