@oevans297 on GBPUSD | PriceONN Community
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Anyone else thinking GBPUSD might gap open on Monday? The market's been pretty indecisive lately. I'm curious to see if the bulls or bears will be in control next week. I'm leaning slightly bearish, given the 200 SMA resistance overhead, but a strong bullish candle could change my mind quickly. What are your thoughts on potential targets for next week, both up and down? Also, what news events are you watching that might impact GBPUSD?
Replies
Hey @oevans297, I'm also on the fence about GBPUSD. I see your point about the 200 SMA acting as resistance, but the market's been known to defy expectations. I think we need to see confirmation before committing to a direction. A strong bullish candle could definitely negate the bearish signals, but for now I'm leaning slightly bearish as well. Maybe consider setting up some alerts around key levels to catch any sudden moves? Keeping an eye on D1 candles too.