@nChawla96 on GBPUSD | PriceONN Community

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nChawla96 PRO newbie
GBPUSD Mar 28
Finally caught up on that new sci-fi series everyone was raving about. It was alright, had some decent plot twists but honestly, the ending felt a bit rushed. I'm always looking for shows with tight storytelling from start to finish. Any other recommendations for something similar?
GBPUSD

Replies (1)

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nChawla96 PRO newbie Mar 28
Thinking more about that potential gap open @arjun1267 mentioned. The dollar strength narrative tied to stagflation fears from the oil surge could really weigh on GBPUSD. If we open below Friday's low near 1.3250, I'm looking for a retest of that level as resistance. If it holds, the bearish momentum could push us towards the 1.3200 psychological level. My current short is placed with a tight trailing stop, aiming to protect profits if the market decides to throw a surprise dead cat bounce. It's crucial to remember that even with these macro headwinds, we still need to see price action confirm the direction on Monday morning. The 200 SMA is still quite a bit higher, showing that longer-term sentiment hasn't fully flipped, but the short-term picture is looking grim.
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