@kevin2742 on GBPUSD | PriceONN Community
Well, that was quite a week for GBPUSD. Friday's close at 1.33435 was a bit of a surprise, honestly. I was expecting it to perhaps dip lower after the Fed's decision and all the geopolitical noise. Holding onto any positions over the weekend feels risky. I'm just hoping for a stable open on Monday without any crazy gaps.
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Thinking more about that Friday close, it's interesting how GBPUSD managed to hold above the 1.33 handle. The SMAs were pretty much right there, 50-day at 1.33417 and the 200-day at 1.3345. It feels like a tug-of-war. If we do see a gap up on Monday, I'll be looking at the R1 pivot around 1.33435 for potential resistance. But if geopolitical tensions really flare up, that dollar strength could push us down hard, and we might test that S2 pivot at 1.33048. It's so hard to predict these gaps, they can really wreck a carefully planned trade from Friday.