@brianthompson on GBPUSD | PriceONN Community

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B
Plus, that jobs report could really shake things up. If it's weak, maybe it pushes DXY down more and helps GBPUSD climb past the 200 SMA. But if it's strong, watch out.
GBPUSD

Replies (1)

A
azulu33 PRO newbie Apr 4
@brianthompson, that US jobs report is definitely the main driver right now. If it was as strong as it sounded, it puts a lot of pressure on GBPUSD to the downside, especially with the Fed still looking hawkish. I'm watching to see if we get a gap down on Monday and if that 1.3184 S2 pivot holds. Honestly, I wouldn't be surprised to see it test lower, maybe even flirt with the 1.30 area if momentum builds. The weekly candle closed below the 20 SMA, which is a bearish signal for me. I'm not looking to go long until I see some serious demand come in, maybe a clear order block retest on the H4.
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