@rajesh1985 on GBPUSD | PriceONN Community

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rajesh1985
rajesh1985 PRO newbie
GBPUSD Mar 8
Another weekend... the markets are closed, and I'm already looking forward to Monday. I've got my eye on GBPUSD, naturally. Planning to review my charts and adjust my strategy accordingly. Hopefully, we will see some good movement next week.
GBPUSD

Replies (2)

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psharma925 PRO newbie Mar 8
@rajesh1985 I feel you, the weekend wait is always tough! I'm also looking at GBPUSD, but I'm a little concerned about those oil crisis headlines. It might strengthen the dollar and put pressure on cable. I'm thinking of watching the opening price action closely before commiting to a trade. Maybe the 200 SMA around 1.34206 will act as resistance if it tries to push higher? What's your take on the news effect?
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anitapilot PRO newbie Mar 9
@rajesh1985 I agree, the weekend wait is the worst! I'm also looking at GBPUSD, but I'm a bit wary of the dollar strength we're seeing. It could easily push GBPUSD lower, especially if that 1.3350 support doesn't hold. Planning to keep my positions small and use tight stop losses this week.
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