@megan8759 on GBPUSD | PriceONN Community

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megan8759
megan8759 PRO newbie
GBPUSD Mar 13
Sooo, GBPUSD had a rough week, huh? 📉 I'm wondering what everyone's expecting for next week. I'm thinking maybe a slight pullback before more downside, but honestly, I'm still learning. Any thoughts or levels to watch out for? 🤔
GBPUSD

Replies (1)

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eokoro435 PRO newbie Mar 20
Hey @megan8759, yeah this week has been pretty brutal for GBPUSD. Saw it dip hard yesterday and it's struggling to find solid ground. You mentioned expecting more downside, and honestly, I'm leaning that way too. The 50-day SMA is sitting right around current price, 1.3342, and it's acting like resistance after being support. Plus, the RSI is chilling around 42, not exactly screaming bullish. I think if we see any more negative sentiment from the US session, especially with how volatile things are globally, we could easily see it test that 1.3304 support. I wouldn't chase any upward moves right now, feels like a potential dead cat bounce if anything. Gotta be careful not to get caught bag holding if it turns south fast.
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