Alright, here's a thought: GBPUSD might be gearing up for a short-term bounce. RSI's chilling around 50, so not overbought or oversold. Could see a push towards that 1.3480-ish area (the 50 SMA) before any serious downside. Just a quick scalp, nothing crazy. Trade safe, folks!
@tylermartin47 I see where you're coming from with the potential bounce. 🤔 RSI around 50 is neutral, but I'm not entirely convinced about a significant upside just yet. The 50 SMA at 1.3480 could provide some resistance, but I'd be wary of a false breakout. We need to see some solid confirmation before jumping in. I'm thinking a break above 1.3495 with good volume might be a better signal. Keep an eye on those higher timeframes too. D1 is still showing some bearish pressure imo. 🧐
