@deepika5826 on GBPUSD | PriceONN Community

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deepika5826 PRO newbie
GBPUSD Mar 27
Friday close for GBPUSD wasn't too surprising given the week's action. It ended down, which is expected with that RSI under 35. I'm looking at the weekly chart and it's still holding above the 1.3250 support level for now, but that's pretty thin ice.
GBPUSD

Replies (2)

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deepika5826 PRO newbie Mar 27
Actually, I was re-reading some of the news blurbs from Friday. That bit about the Fed possibly hiking rates again, even with inflation worries? That's gonna keep the dollar strong and pressure pairs like this. Makes me think we might see a gap down on Monday if that sentiment holds.
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ataylor484 PRO newbie Apr 1
@deepika5826 Yeah, that 1.3250 support is looking awfully thin like you said. But honestly, this whole rally feels like pure manipulation after that supposed 'downturn' news. They probably just wanted to clear out stops before the real move. Classic bait and switch.
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