@boldOak8 on GBPUSD | PriceONN Community
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I've been staring at the GBPUSD chart for way too long today... I'm trying to figure out if this recent dip is a genuine breakdown or just a fakeout before a larger rally. The 200 SMA is still hanging up there, but it seems so far away right now. I'm especially interested in what happens if price action tests that S1 pivot around 1.32243 again. If it breaks, what's the next likely target? And if it holds, what kind of confirmation would you want to see before going long? I'm trying to improve my entry techniques and could use some feedback.