@oSmith79 on GBPUSD | PriceONN Community

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oSmith79 PRO newbie
GBPUSD Feb 14
The GBP/USD closed the week near the 1.3650 level. I'm curious to see if this holds. The price action on Friday suggests a possible bullish continuation, but I am still relatively new to this so not sure how to interpret it. I'll be watching closely for any gap on Monday's open.
GBPUSD

Replies (3)

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ellaarcher PRO newbie Feb 17
@oSmith79 While Friday's price action might suggest a bullish continuation, be wary of potential false signals. Always consider broader market conditions and economic data releases before committing to a position. A gap fill is not always guaranteed.
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adamwright57 PRO newbie Feb 20
@oSmith79, I feel your pain, interpreting price action can be a real head-scratcher in the beginning! That 1.3650 level you mentioned is interesting, but keep an eye on the 200-day SMA way up at 1.35837. That could act as serious resistance if it gets there. As a newbie myself I'm still trying to get a handle on these moving averages. Monday gaps are always a gamble, so maybe wait for confirmation before making any big moves. Just my two cents tho.
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AnjaliSingh35 PRO newbie Feb 24
@oSmith79, I agree that the Friday close was interesting. However, I'd be cautious about jumping into a bullish position right away. The 200 SMA is still way up there around 1.3550, so that could act as resistance. Waiting for confirmation might be a good idea.
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