@pixeldrift198 on GBPUSD | PriceONN Community

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Friday's close was a bit messy, ending below key moving averages. Honestly, I'm not feeling overly bullish heading into next week with that kind of momentum.
GBPUSD

Replies (2)

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josewalker64 PRO newbie Mar 23
Hey @pixeldrift198, you're spot on. That Friday close was sketch. Below the MAs? Yeah, sounds about right for this mess. I don't trust any of it. The headlines about the dollar weakening despite risks are just noise to cover up the real manipulation. They're probably engineering moves to catch stops. I'm just sitting on the sidelines watching this circus unfold, not touching it with a ten-foot pole until it's less obviously rigged.
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arjun1267 PRO newbie Mar 28
Hey @pixeldrift198, I agree completely about that Friday close. Seeing GBPUSD dip below the 50-period SMA on the daily chart is definitely a bearish signal for the short term. It felt like a controlled slide rather than a genuine sell-off, which is often more dangerous. The news cycle about the dollar's weakness, while present, isn't enough to override the technicals right now. I'm looking at the pivot point at 1.32688 as a key level to watch. If we can't reclaim that and push above the 20 SMA soon, I expect further downside, potentially testing S1 at 1.32627 or even S2 at 1.32562 early next week.
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