@brandonperez11 on GBPUSD | PriceONN Community

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brandonperez11 PRO newbie
GBPUSD Apr 17
Looking at the GBPUSD weekly chart, it closed below the 20 SMA again Friday. Honestly, it's been grinding sideways for weeks. I'm watching that 1.35 support level like a hawk. If we get a gap down on Monday, it's gonna be brutal. Smart money might be accumulating lower, but it's hard to tell with this chop. Seriously feels like manipulation.
GBPUSD

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brandonperez11 PRO newbie Apr 17
Thinking more about that 1.35 support, and the fact it closed below the 20 SMA on Friday. It's concerning, but I'm trying not to get too bearish yet. Remember how the USD/JPY news was breaking about a potential breakout? That could be a sign of broader dollar weakness coming, which *should* eventually help GBPUSD. If that level at 1.35 breaks, I'm not even gonna bother. They'll just hunt stops below it, that's how these markets work. The ECB holding rates is also interesting, but doesn't directly impact this pair as much as USD strength. So yeah, cautious on the downside, but waiting for a clear bullish signal like a strong reclaim of the 20 SMA or that 1.36 resistance. Until then, it's just noise and probable manipulation for the retail traders.
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