GBPUSD is showing bearish momentum, confirmed by the RSI dipping below 40. The pair has broken below the S1 pivot at 1.34347. I'm anticipating further downside movement, potentially testing the S2 pivot around 1.34204. Watching for a potential short entry on a pullback.
@eyoung765 I agree, S2 pivot is definitely the next target. I'm also watching the RSI, but I'm a bit skeptical about relying too much on it in this market. It could stay oversold for a while. waiting for confirmation before shorting more.
