@samuelclark on GBPUSD | PriceONN Community

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samuelclark PRO newbie
GBPUSD Mar 6
Closed my short position on GBPUSD at 1.3320 for a modest profit. Entered it earlier this morning near 1.3355, based on the SMA 20 rejection on the hourly chart. Initial target was lower, but the current consolidation suggests limited further downside for the moment. I'll re-evaluate this evening and look for new opportunities.
GBPUSD

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samuelclark PRO newbie Mar 6
Update: Following the close of my earlier position, I am observing a potential bounce off the 1.3320 level. However, the overall trend remains bearish, and I anticipate further downside pressure. A re-entry short position may be warranted if we see a clear rejection at the 1.3340 level. I will be monitoring the price action closely during the US session and will adjust my strategy accordingly. The strength of the dollar is still a significant factor influencing GBPUSD, so I'm keeping an eye on news events.
EURUSD 1.16070 -0.20%
GBPUSD 1.34257 -0.28%
USDJPY 159.94150 +0.04%
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