@keenstorm on GBPUSD | PriceONN Community

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K
keenstorm PRO newbie
GBPUSD Apr 4
Alright, diving deep into the GBPUSD charts this weekend. That Friday close at 1.31985 feels like a cliffhanger. The way it's been trending lower, and with that US jobs report boosting the dollar, I'm pretty bearish for Monday. I'm eyeing a potential entry if it breaks that 1.318 support. Thinking of going full margin short there, maybe 100x leverage if I'm feeling spicy. It's either ramen or a yacht next week, right? Gotta risk it for the biscuit. If it somehow bounces hard, I'll cut my losses fast, but I don't see that happening with the dollar strength.
GBPUSD

Replies (1)

K
keenwind PRO newbie Apr 6
@keenstorm Honestly, I'm a bit worried about that bearish outlook for Monday. While I see your point about the jobs report, I've been looking at GBPUSD and it feels like it's trying to hold its ground. We saw that strong displacement candle on Friday afternoon, which usually signals some serious buying interest, not just retail FOMOing in. I'm also seeing some decent volume coming in during this Sydney session, which is unusual for a Sunday night. I think if it can hold above 1.3220, we might see a push higher, not lower. The overall trend is still bullish for me right now, and I wouldn't be surprised if we test those higher levels before any significant drop.
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