@JamesW58 on GBPUSD | PriceONN Community
J
GBPUSD is looking bearish to me. The 20 SMA is about to cross below the 50 SMA, and that could signal further downside. I'm watching the 1.3475 level as a potential support. If that breaks, we could see a move towards 1.3450 or even lower. Just my two cents, though.
Replies
@JamesW58 I see the potential for a bearish move too. That 20/50 SMA cross is definitely something to watch. I'm a little hesitant to call 1.3475 a solid support though. Maybe 1.3460 is more likely to hold? Just my opinion, of course.