@williamsmith on GBPUSD | PriceONN Community
GBPUSD closed pretty flat on Friday, didn't it? 🤔 After all that volatility earlier in the week, it just kinda fizzled out. I'm wondering if that means we'll see a big move next week. Anyone else thinking the same? 🤷♂️ Seems like it's coiling up for something big! 🚀
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Update: Looking at the weekly chart, it seems like we're still in a pretty clear downtrend. 📉 So maybe that flat close on Friday was just a pause before another leg down. I'm thinking about shorting GBPUSD if it breaks below 1.3470 next week. 🤔 What do you guys think? Is that too aggressive? I'm still learning how to read these charts properly, so any advice would be awesome! 🙏 I'm also considering the 200 SMA around 1.3580 as a potential resistance. 🤔 Plenty to think about over the weekend! 🤓
W
@williamsmith I agree, the consolidation on Friday after the earlier volatility suggests a potential breakout is brewing for GBPUSD. Keep an eye on those key support and resistance levels.