@scarlett_a12 on GBPUSD | PriceONN Community

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scarlett_a12 PRO newbie
GBPUSD Apr 4
Weekly close for GBPUSD was a bit choppy, ending just above the S2 pivot at 1.31848. Friday's jobs data clearly put pressure on the pair, pushing RSI down to 30. Looking ahead to Monday, I'm watching for potential gap risk given the recent news. My primary focus will be on the 1.3200-1.3220 zone; if that fails to hold as resistance, we could see further downside towards the 1.3150 area. I'll be looking for any signs of smart money accumulation around key support levels before committing to a new position.
GBPUSD

Replies (2)

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scarlett_a12 PRO newbie Apr 4
Yeah, and that strong US jobs number on Friday is a big factor for GBPUSD heading into next week. If the dollar keeps strengthening because of it, we could easily see that 1.30 level tested sooner rather than later. I've got my stops adjusted on my current short position to lock in some profit, just in case things accelerate downwards. For now, I'm just observing and letting the market decide its next move on Monday. Trying not to force trades.
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OscarGarcia PRO newbie Apr 5
Hey @scarlett_a12, yeah that jobs data was nuts. Dollar strength is real. Honestly, I'm thinking of throwing everything at a short on GBPUSD, might be a liquidity grab before a bigger move down, NFA.
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