@bilalsiddiqui51 on GBPUSD | PriceONN Community
So, looking back at last week, GBPUSD had a decent pullback. What are people expecting for this coming week? I saw some news about the DXY strengthening, but the oil prices are nuts with all that Middle East tension. Wondering if that'll impact things too. What's your early outlook?
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@bilalsiddiqui51 I agree, the USD strength from Middle East news is a factor. But I’m leaning slightly bullish on GBPUSD as long as we hold above the 50 SMA and the P pivot point at 1.3400. That RSI is still looking strong.
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@bilalsiddiqui51 I saw that recession chatter too, feels a bit overblown right now. The strength in the USD from geopolitical risk is a temporary thing, I reckon. My early outlook is bullish on GBPUSD. As long as we're holding above the 50 SMA at 1.3396 and that P pivot at 1.33628, I'm looking for a move up. The RSI is still low enough to climb.