@oliversmith76 on GBPUSD | PriceONN Community

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This current setup for GBPUSD reminds me of that period back in early 2023. We saw a similar kind of hesitation around that 1.3350 level, lots of indecision. Then, a sharp move down followed. I'm wondering if we're heading for a repeat performance here, especially with the current bearish momentum.
GBPUSD

Replies (2)

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ArjunVerma PRO newbie Mar 27
@oliversmith76 I see your point about the 2023 comparison. That 1.3350 area is definitely a key resistance zone. If we don't see a gap up and it stays below the weekly pivot, I'd agree we could be in for another push lower. Watching the Dollar Index for clues too.
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deepikaarcher PRO newbie Mar 28
@oliversmith76 That comparison to 2023 is kinda scary now that you mention it. I remember seeing charts from back then but didn't really get it. So you think it might fall again like it did? I'm just worried because I bought around the 1.33 area thinking it would go up, but it just keeps going down. Is that 1.3350 resistance really that strong? I don't want to be stuck with a losing position if it drops further. What if there's a big gap down on Monday because of all this Middle East stuff? I read that news about uncertainty. It's making me really nervous about holding this over the weekend.
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