@sophie02 on GBPUSD | PriceONN Community
Okay, so GBPUSD closed above 1.34...just. Barely hanging on. 🤔 Next week I'm expecting a bit of a pullback early on, maybe down towards that 1.3370 area. If it holds there, could be a decent long opportunity. Otherwise, we might see it test lower support levels. I'm keeping an eye on it. 👀
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And another thing: I reckon if it does break that 200 SMA, then 1.3450 is the next target. 💪 Short term scalp, maybe? I'll also be looking at the RSI to confirm any potential breakouts or reversals. Value investing in the long term but scalping in the short term is the way. 🤑
Update: I'm a bit concerned about that 200 SMA at 1.34206 acting as resistance. 😬 If it can't break above that convincingly, the bears might take over again. Need to see some strong bullish candles on the H4 chart to feel more confident in a long position. Will be watching the opening price action closely on Monday. 🧐