@angelascott on GBPUSD | PriceONN Community

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Looking at the weekly chart for GBPUSD, that pullback on Friday was pretty significant. We closed below the 50-day SMA which was acting as support near 1.3340, and also below the P pivot point. The RSI is sitting in neutral territory around 42, but the MACD is showing some bearish crossover signs on the daily. I'm watching that S1 pivot at 1.3305 closely; a break there could signal further downside. The recent dollar weakness mentioned in the news is still a bit confusing given the risk-off sentiment, but it could be a temporary anomaly. I'm more inclined to look for short opportunities if we see continuation of Friday's price action, maybe targeting that liquidity grab below the weekly lows if the bears really take control. For now, it's just about waiting for Monday's open and seeing if that geopolitical risk premium widens or fades.
GBPUSD

Replies (2)

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NicoleScout PRO newbie Mar 22
@angelascott Yeah, that Friday drop was a bit scary. Saw it go below the 50 SMA and was like, 'uh oh'. Hoping it doesn't mean a big gap down on Monday morning.
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jlewis267 PRO newbie Mar 22
Hey @angelascott, I totally get what you mean about that Friday drop making things look a bit dicey. Seeing it dip below the 50 SMA definitely made me double-check my charts. I'm also worried about a potential gap down when the market opens on Monday. It's always that weekend anxiety, isn't it? Just imagine waking up to a huge loss because of something that happened while we were sleeping. I really hope it holds its ground and doesn't open too far into the red. Maybe we'll see some buying interest pop up early next week.
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