@IfunanyaEze on GBPUSD | PriceONN Community
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Woah, did anyone else see that headline about the Euro potentially getting volatile with German inflation data and geopolitical jitters? Makes me a bit nervous about GBPUSD too, even though it's quiet now. This thin liquidity is always a gamble, anything could happen if news hits.
Replies
Hey @IfunanyaEze, I hear you on the thin liquidity. This current price action around 1.3230 feels like a potential bear trap setting up. The market's been pushing down, but we're hitting S1 pivot and the RSI is lingering in neutral territory. Could be a good spot for a squeeze if we see any positive GBP news or a DXY dip.
Hey @IfunanyaEze, yeah, I'm totally with you on the thin liquidity this weekend. The headline risk is real, and I wouldn't be surprised if we see a decent gap open come Monday. That 1.32 area has been a bit sticky, so any news could really send us either way.