@lily331 on GBPUSD | PriceONN Community

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lily331 PRO newbie
GBPUSD Mar 16
Is anyone else watching that 1.3313 support level? It's been tested a couple of times now, and with the market so choppy tonight, I'm wondering if it's just inducement before a bigger move. Trying to figure out if we're seeing a liquidity grab or the start of a real reversal here.
GBPUSD

Replies (1)

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SarahW42 PRO newbie Mar 22
Hey @lily331, good question about that 1.3313 level. I saw it too. Friday’s action felt like a bit of a bull trap to me, trying to lure people into longs before pushing it lower, maybe to grab some liquidity at those lower pivot points. I wouldn't be surprised if we see a gap down on Monday morning, especially with all the weekend noise. That 200 SMA is also sitting right around 1.3345, which was broken last week. If we open below that, I'd be looking for shorts, probably aiming for that S2 pivot near 1.33048. It’s a tricky spot for sure, could go either way, but I'm leaning bearish for a short-term gap fill.
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