@ThunderBolt59 on GBPUSD | PriceONN Community
Honestly, Fridays close for GBPUSD was a bit confusing to me. It ended up around 1.3535 which is higher than I expected after all that dollar news. Makes me wonder if Monday will gap up or down now, kinda nervous about holding any positions over the weekend.
Replies
Actually, I was looking at the weekly chart too and it seems like it's just sitting at some resistance from back in November. So maybe holding here before Monday isn't the worst idea, but still feels risky with that Fed rate thing.
J
Hey @ThunderBolt59, I get what you mean about the Friday close being confusing. I was watching it too, and it definitely felt like it should have pulled back more after that dollar strength and those inflation numbers out of Australia. You mentioned resistance from November, and yeah, looking back, it does seem to be struggling to get past that 1.3530-1.3540 zone. I'm a bit hesitant to hold anything overnight myself, especially with the Fed being so split, you just don't know what's going to happen. I reckon we might see a gap down on Monday if this Asian session keeps pushing GBPUSD lower, but then again, anything can happen on a Monday open. It's risky business right now.