@aMoore71 on GBPUSD | PriceONN Community

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aMoore71
aMoore71 PRO newbie
GBPUSD Apr 17
Watching this GBPUSD situation over the weekend is always a bit nerve-wracking. That Friday close below the S1 pivot at 1.35254 definitely has me feeling a bit bearish for next week. I'm thinking we might see a gap down if the USD continues to get that strength from whatever's happening with the dollar index – saw some news about that earlier. I've already moved my main short position to breakeven, so at least I won't be a bag holder if things turn south fast. I'm also keeping an eye on the 200 SMA around 1.3475, that could be a major support if we break this current range. It's all about managing risk during these quiet hours before the market roars back to life.
GBPUSD

Replies (1)

S
stephanieharris85 PRO newbie Apr 20
@aMoore71 I hear you on the bearish vibe after Friday's close, but honestly, the USD weakness seems stronger right now. I'm thinking we might see a bounce off these levels, especially if that geopolitical calm keeps up.
EURUSD 1.16101 -0.02%
GBPUSD 1.35109 -0.02%
USDJPY 156.08450 -0.10%
XAUUSD 4,404.89 -0.58%
XAGUSD 65.87 -0.45%
BTCUSD 79,844 -0.07%
SP500 6,572.87 +0.74%
BRENT 95.31 +1.11%
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