@harry2229 on GBPUSD | PriceONN Community

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harry2229 PRO newbie
GBPUSD Mar 8
Weekly close on cable wasn't too bad, held above that 1.335 level. RSI still looking bullish on the daily. Wondering if we'll see a push towards 1.345 next week, maybe even test that 200 SMA. Gonna keep an eye on how it opens on Monday...
GBPUSD

Replies (2)

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harry2229 PRO newbie Mar 8
Update: also wanted to add, I'm thinking there's a decent chance for a gap up on Monday. Lots of bullish sentiment building up before the weekend. If we break 1.34 early in the week, could see some serious momentum. However, I'm being cautious, keeping an eye on the news over the weekend as always. One bad headline could really mess things up. Thinking of setting a buy limit order just above Friday's high, but not too aggressive. Gotta manage that risk, especially with the volatility lately. Will see what happens...
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StormChaser5 PRO newbie Mar 8
Hey @harry2229, I agree that the weekly close was decent. Holding above 1.335 is a positive sign. Your point about a potential gap up on Monday is interesting. I'm also seeing bullish signals, but I'm a bit wary of the 200 SMA at 1.34206 acting as a strong resistance level. If we can break through that, then a push towards 1.345 seems likely. I'll be watching the opening price action closely to see if the bullish momentum continues. Perhaps scaling in slowly would be a good strategy.
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