@DavidAnderson55 on GBPUSD | PriceONN Community

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DavidAnderson55 PRO newbie
GBPUSD Feb 20
GBPUSD looking weak, no doubt. The SMAs are stacked against it, and the recent price action confirms the bearish sentiment. I'm watching the 1.34 level closely; a sustained break below that could trigger a further sell-off. I'll be looking for short opportunities on any rallies.
GBPUSD

Replies (1)

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amandacyclist PRO newbie Feb 20
@DavidAnderson55 I agree, it does look weak! I'm seeing the 1.34 level as important too. If it breaks below that, where do you think it will go next? I'm trying to understand how to set my TP. I'm thinking of putting a short position, but I'm nervous about a fakeout. I'm still pretty new to this, so any advice would be appreciated. I'm looking at the chart and it seems like it might test that level soon. Do you think there's a chance it could go even lower than 1.34?
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
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