@KatherineY31 on GBPUSD | PriceONN Community

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K
KatherineY31 PRO newbie
GBPUSD Apr 2
This GBPUSD action reminds me a bit of that nasty slide we saw back in early 2023, remember? It felt like it just couldn't find a bottom, and every bounce was quickly sold off. We're sitting right on the 200-day SMA here, which is usually a big level, but the price action feels a lot like that previous bearish momentum. I'm watching this S2 pivot at 1.32081 very closely, as breaking that could confirm more downside.
GBPUSD

Replies (2)

K
KatherineY31 PRO newbie Apr 2
Plus, if we get below that S2, I'm not sure what's holding it up before we hit the 1.3150s. Fingers crossed it doesn't get there.
K
KatherineY31 PRO newbie Apr 2
Yeah, and the fact that the 20-day SMA is still well above the 50-day is concerning for any potential upside. It just feels heavy.
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