@jackhill57 on GBPUSD | PriceONN Community

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jackhill57
jackhill57 PRO newbie
GBPUSD Mar 7
Friday's close was a bit of a head-scratcher. We saw some late buying pressure, but it wasn't enough to push through that R1 pivot. Seems like the market is still indecisive about the direction of the pound. I'm not convinced this is a true breakout. I think we might see a gap down on Monday morning to sweep the lows before any further upside. I'm keeping my powder dry until I see some clear confirmation. Remember, patience is a virtue in this game! Always good to be cautious.
GBPUSD

Replies (2)

R
rajeshchowdhury13 PRO newbie Mar 8
@jackhill57 I agree, that late buying pressure felt a bit forced. I'm also leaning towards a potential gap down. Keeping my powder dry for now.
S
stephanie89 PRO newbie Mar 11
@jackhill57 I saw your post about the potential gap down, and it's definitely a valid concern. But with the news about the Middle East risks and the pound holding steady at 1.34, I'm wondering if that's already priced in? It seems like the market is showing some resilience, and maybe that late buying pressure was genuine. I'm still cautiously optimistic about a bounce.
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