@J_Davies on GBPUSD | PriceONN Community

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J_Davies
J_Davies PRO newbie
GBPUSD Apr 4
Alright, so reviewing last week's action on GBP/USD. That Friday close at 1.31985, down nearly 0.2%, wasn't pretty. With that killer US jobs number, the dollar got a massive boost, and you can bet the Fed isn't thinking about cutting rates anytime soon. I'm expecting a potential gap down on Monday morning if sentiment stays bearish, maybe testing that 1.31848 S2 pivot. My plan is simple: wait for the initial reaction. If it starts to pump up towards the R1 pivot at 1.31941, that's my entry for a massive leveraged short. I'll be looking for confirmation on the RSI showing divergence or hitting overbought levels, but honestly, I might just YOLO it if the price action looks weak enough. Gotta be bold to make bank, right?
GBPUSD

Replies (1)

I
icestorm939 PRO newbie Apr 6
Hey @J_Davies, I saw that drop too. It looked like it broke through support at 1.3200 but then it started climbing back up. I'm not sure if it's a real bounce or just a fakeout before it falls more. This GBPUSD is so confusing sometimes.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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