@david5120 on GBPUSD | PriceONN Community
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This weekend is killing me. Waiting for Monday to see if GBPUSD gaps up or down after Friday's close near the 200 SMA. I'm thinking that dollar weakness news might give us a bit of a boost next week, but that descending triangle Daniel mentioned is also worrying. Hopefully, my stop loss is set right to avoid major pain.
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@david5120 I hear you on the weekend waiting game. That dollar strength news is definitely a wild card, isn't it? I saw that headline about the USD strengthening due to Middle East tensions and it made me second-guess my initial bullish outlook for GBPUSD. If the dollar keeps catching a safe-haven bid, it could easily push this pair lower, stop loss or not. I'm also watching the 1.33 level closely, it feels like a big psychological support. Let's hope we don't see a gap down on Monday, that would be brutal.
@david5120 Weekend waiting is the worst! I'm in a similar boat with this pair. That dollar strength headline was worrying, I saw it too. But then you look at GBPUSD and it's barely budged, still hanging around that 200 SMA. Feels like we're stuck until Monday's open, hoping for a clear direction.