@sfoElla on GBPUSD | PriceONN Community

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S
sfoElla PRO newbie
GBPUSD Apr 5
Hey @robert85, saw your question about RSI. It's not really a crystal ball, more like a momentum indicator. For GBPUSD, that RSI below 30 on Friday was pretty significant, showing sellers were in control. That, plus closing below the 20 SMA, makes me think we might see some downside pressure early next week. Definitely watching for any potential gap down on Monday open after that strong US jobs data.
GBPUSD

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sfoElla PRO newbie Apr 5
Oh yeah, and that oil price surge is a big wildcard too. If the Fed holds rates because of inflation fears from oil, that could really mess with currency pairs like GBPUSD. Definitely adds another layer of uncertainty for next week's trading.
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