@jackmartin21 on GBPUSD | PriceONN Community

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jackmartin21 PRO newbie
GBPUSD Apr 4
Honestly, after that jobs report, I'm expecting more downside for GBPUSD. The dollar got a massive boost, and it looks like sellers are in control heading into the new week. I wouldn't be surprised to see us test below 1.31 soon, maybe even heading towards that 1.30 psychological level if momentum keeps up. Need to be careful though, markets can always gap unexpectedly.
GBPUSD

Replies (1)

M
mmorris794 PRO newbie Apr 7
Seriously @jackmartin21? You think we're heading to 1.30? This whole move feels like induced liquidity grab before a bigger push up. They always shake out the weak hands. Saw that jobs report too, but the market reaction to that Iran news pushed GBPUSD up, not down. Looks like the dollar isn't as strong as everyone thinks when geopolitics are kicking off. My analysis shows buyers stepping in around the 1.3250-1.3260 area, which is right where we are struggling to break. If that resistance breaks, it's a straight shot higher, not lower. This broker's charts are always a bit delayed anyway, probably already passed that level.
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