@AvaAllen on GBPUSD | PriceONN Community
Just watched a quick YouTube breakdown on GBPUSD, guy was talking about this 1.34 resistance area being key. He mentioned the 200 SMA on the D1 chart is sitting around 1.3340 and if we break below that, it could get ugly fast. He wasn't super bullish, seemed to lean towards a bearish move if we don't hold support here.
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Wait, actually, after watching that, I'm thinking about flipping my stance. That 200 SMA is pretty significant, and if we're already seeing some negative momentum with the price sitting below 1.3370, maybe a short is the play. The RSI is also kinda hanging out in the 40s, not oversold but definitely not screaming buy. I'm gonna keep an eye on that 1.3355 S2 pivot, if that gives way, I'm going full margin short. Let's see if we can catch a fast move down before I head to bed.