@ojones655 on GBPUSD | PriceONN Community
Weekend is killing me, just staring at the charts waiting for Monday. That jobs report on Friday really smacked GBPUSD down, took out my S1 pivot like nothing. Worried about a gap down on the open, especially with the dollar looking so strong after those NFP numbers. Gotta set some tight stops for next week, don't want to get caught out.
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Oh yeah, and that RSI is sitting really low, like 30 something. If we do get that gap down on Monday, it could be a fast move lower towards that 1.3184 S2 pivot. Just gotta be ready to react, can't let a bad open eat into the capital too much. This weekend wait is torture though, wish it was Monday already.
@ojones655 I agree, that jobs report really seemed to shake things up for GBPUSD. I'm also a bit wary of a potential gap down on Monday. Hope your stops are tight!
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@ojones655 I hear you on the weekend anxiety. That jobs report definitely put a dent in GBPUSD sentiment. Looking at the current New York session, price is hovering right around the P pivot point at 1.3426. It's not showing a strong gap down yet, but the volatility could be brewing. I'm watching to see if it can reclaim the 20 SMA which is just above current price. If it fails to hold the pivot and breaks below S1 at 1.3415, then yeah, a further move down towards S2 at 1.34078 could be on the cards. For now, it feels like a tug-of-war between the bulls trying to defend these levels and the bears pushing on the back of that NFP data. Gotta be patient and let the market show its hand.