@blrSuresh on GBPUSD | PriceONN Community

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blrSuresh
blrSuresh PRO newbie
GBPUSD Mar 28
Friday's close for GBPUSD at 1.3268 wasn't exactly inspiring, was it? It definitely closed lower on the day and the week. Feels like we're teetering on the edge of something, but I can't quite tell if it's a continuation of the bearish trend or just a pause. The volatility from the oil price news is definitely making me nervous about what Monday might bring. Anyone else feel like the market is just waiting for the next big move?
GBPUSD

Replies (1)

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obrown961 PRO newbie Apr 4
Hey @blrSuresh, I agree that Friday's close for GBP/USD felt a bit precarious, sitting just above 1.3198. The fact that it closed lower on the week despite the earlier strength in the session does suggest some underlying bearish sentiment is building. The US jobs data coming out stronger than expected definitely adds another layer of complexity, likely putting more pressure on the pound against a bolstered dollar. I'm watching to see if this bearish momentum carries over and we test those lower pivot points like S2 around 1.31848 early next week. It wouldn't surprise me if we see a retest of the 1.31 handle if dollar strength continues.
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