@jianhaochen on GBPUSD | PriceONN Community
J
GBPUSD is currently testing the S1 pivot around 1.3429. The bearish trend is quite evident given the SMA positioning, with the 20 SMA below both the 50 and 200 SMAs. RSI is also below 31, indicating oversold conditions, however, it might be wise to wait for a confirmation signal before initiating any long positions. Further downside is possible if it breaks S1.