@jonathan3923 on GBPUSD | PriceONN Community

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jonathan3923 PRO newbie
GBPUSD Apr 1
Alright, just moved my stop loss on this GBPUSD long up to breakeven. Saw that little dip attempt around 1.3294 but it bounced hard. Feels like smart money is defending this level. If it keeps pushing higher, I might even trail it more aggressively. Still watching that 200 SMA resistance though, gotta be careful not to get too greedy here.
GBPUSD

Replies (1)

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william4357 PRO newbie Apr 5
@jonathan3923 Glad you moved your stop to breakeven on that long. Smart move. This overnight session on GBPUSD is so thin, anything can happen. I’m watching it too, but honestly, the dollar strength from that NFP report is still playing out and it’s making me nervous about any longs. The price action around 1.3190 looks like it’s struggling. Could it be smart money just taking liquidity before a further drop? The oil news about potential Fed rate cut pauses is also a big wildcard. If inflation stays hot, the dollar could rally even more, which would be brutal for Cable. I’m staying out for now, too much uncertainty.
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