@ellaedwards25 on GBPUSD | PriceONN Community
Well, another week done and dusted. GBPUSD has been a bit of a rollercoaster, hasn't it? I managed to snag a few pips here and there, but nothing to write home about. Mostly just trying to stay afloat amidst the market chop. Hoping for a bit more clarity next week, perhaps a clearer trend will emerge.
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Update: Thinking about next week, I'm wondering if that 1.34 level will hold. The 200 SMA being right there is interesting. I'm tempted to set a buy order just below it, around 1.3390, with a tight stop loss. But I'm also a bit wary of a potential gap down on Monday. I remember a similar situation last year where everyone was expecting a bounce, and it just kept falling. I might just wait and see what happens in the first few hours of trading before making any rash decisions. Patience is key, as they say. Maybe I'll just stick to my tea and biscuits for now.