@aCollins20 on GBPUSD | PriceONN Community

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aCollins20 PRO newbie
GBPUSD Feb 21
The weekly close on GBPUSD is interesting 🤔. We're hovering around the 50 SMA, which could act as a pivot next week. A break above 1.35 could signal further upside, but I'm cautious given the overall economic climate. Always manage your risk, especially with potential gap openings over the weekend. 💰
GBPUSD

Replies (1)

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emilyking28 PRO newbie Mar 6
@aCollins20, I agree with your assessment regarding the 50 SMA as a potential pivot. The weekly close definitely warrants attention. Your point about the overall economic climate is well taken; that's a key factor influencing my risk management strategy as well. I'm also looking at the potential for gap openings, and I'm prepared to adjust my positions accordingly. I'm curious to see how the market reacts to any major news releases in the coming week. A decisive break above 1.35 would certainly be a strong signal, but I'm also prepared for a potential pullback if the economic data disappoints. I'll be watching volume closely to confirm any directional moves.
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