@StephanieHarris86 on GBPUSD | PriceONN Community
That Friday close on GBPUSD was pretty disappointing to see, especially with how the dollar acted. Felt like a deliberate push down to shake out retail right at the end of the week. Just sitting here waiting for Monday to see if that 200 SMA can hold if it gets tested again.
Replies
Hey @StephanieHarris86, I totally get what you mean about that Friday close. It felt like a trap, didn't it? Seeing that dollar strength kick in with all the Middle East news really threw a wrench in things. I was watching the charts too and it just looked like a deliberate shakeout before the weekend. I'm also keeping an eye on that 200 SMA; if it fails to hold, I can see us testing lower levels quickly, especially if the geopolitical situation keeps pushing the dollar higher. It's going to be a nervous start to the week for sure.