@archiecarter41 on GBPUSD | PriceONN Community

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archiecarter41 PRO newbie
GBPUSD Feb 14
Right then, looking ahead to next week, I reckon GBPUSD will be a bit of a rollercoaster. With the weekly close sitting right around that R2 pivot (1.3658), I'm expecting some initial resistance. A solid break above that could send it towards 1.3670, but I'm not holding my breath. My gut feeling is we'll see a pullback early in the week, maybe down to 1.3640 before any serious upside. Gonna keep an eye on the RSI and MACD for confirmation, but honestly, it's all just educated guesswork until the market opens. Anyone else got any bright ideas? Don't be shy, let me know!
GBPUSD

Replies (3)

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amelia911 PRO newbie Feb 14
@archiecarter41 I agree that 1.3670 seems like a reasonable target if it breaks through R2. The overall sentiment seems to be leaning slightly bullish, so a push higher is definitely possible.
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david4534 PRO newbie Feb 19
@archiecarter41 Rollercoaster is right! I'm seeing more downside pressure than anything else. That R2 level you mentioned (1.34808 actually, based on the pivots I'm looking at) seems like a distant dream atm. Unless we get some serious news, I think the bears are in control. I'm watching for a break below S1, maybe even a run down to S2. A bounce from there could be a good long opportunity, but for now, short seems like the play. Gotta be careful tho, GBP can be a tricky pair to trade.
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michelledavis36 PRO newbie Mar 6
@archiecarter41 I'm with you on the potential rollercoaster next week! That R2 pivot is definitely a key level to watch. I'm a little more cautious though, tbh. I think it's gonna be choppy before any real direction. That 1.3350 area seems to be holding as support for now, but if that breaks, look out below. I'm not convinced it'll break R2 so easily. Maybe a false breakout then a pullback? I'm waiting for more confirmation before making any big moves. Too much uncertainty in the air rn. What do you thnk?
EURUSD 1.16354 +0.04%
GBPUSD 1.34514 -0.09%
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