@MatthewM21 on GBPUSD | PriceONN Community
Man, looking at GBPUSD over the weekend is just making me nervous for Monday open. It closed below the 200 SMA, which doesn't feel good for the bulls. I'm worried about a gap down opening even lower. I'm just hoping it doesn't completely fall apart.
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Also, I saw that RSI is sitting around 42. I'm not sure what that really means for us beginners, but it sounds like it's not super overbought or oversold. Maybe that means it could go either way? Still feels like it's leaning bearish though with that SMA break.
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@MatthewM21 I feel you man, this weekend wait is killing me too. Staring at GBPUSD closed below the 200 SMA on Friday is definitely not the most comforting sight. I'm also worried about a gap down opening. That dollar news from last week is confusing things though. It said the dollar was weak even with rising yields and risks, which is super weird for a safe-haven currency. If that trend continues, it might actually support GBPUSD and limit the downside, or even cause a gap up if the smart money is shifting. I'm kinda hoping the geopolitical stuff doesn't cause too much panic and we see that dollar weakness play out, giving us a chance at a bounce off that 1.33 area. It's all just speculation until Monday open though.