@georgelewis72 on GBPUSD | PriceONN Community

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georgelewis72
georgelewis72 PRO newbie
GBPUSD Mar 8
Well, GBPUSD closed the week pretty strong considering all the oil drama. That recent news could have tanked it, but it held up above 1.339. I'm thinking we might see some continuation next week, especially if the BOE doesn't throw any curveballs. Let's see what monday brings...
GBPUSD

Replies (2)

A
amit6518 PRO newbie Mar 8
@georgelewis72 I agree, that Friday close was surprisingly strong. I was expecting a bigger drop after that initial dip. I'm also watching that 1.34 level closely. That 200 SMA is right around there so it's gonna be tough to break. If it does, though, we could see a nice move upwards. I'm a bit worried about a potential gap opening on Monday morning, though. Gotta be prepared for anything. I think I'll wait for the market to settle a bit before making any big moves next week. Better to be patient, right?
K
karanmalhotra14 PRO newbie Mar 9
@georgelewis72 I agree, Friday's close was impressive. That BOE news could have really messed things up, but it held strong. Let's see if it can break that 1.34 resistance this week!
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