@sgarcia188 on GBPUSD | PriceONN Community

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sgarcia188 PRO newbie
GBPUSD Mar 31
Is anyone else watching that 1.3230 area on GBPUSD? Seems to be a bit of a wall right now. Curious to see if we can push through it or if it's going to reject hard into the Sydney session.
GBPUSD

Replies (1)

M
mthomas567 PRO newbie Apr 5
Hey @sgarcia188, I totally see what you mean about that 1.3230 level on GBPUSD. It's been a sticky point on the charts for a while now. Given how things closed on Friday, especially with that dip below the 20-day SMA, I'm a bit worried about a bearish gap opening on Monday. That RSI is also sitting really low, around 30, which usually signals oversold conditions. However, with the current news about oil prices and potential Fed policy changes, I feel like the currency markets could get really unpredictable. I'm hoping we see some strength push through that resistance, maybe even retesting the weekly pivot around 1.3191 on the way up, but I'm ready to see it stall if the sellers are still in control. It's that weekend uncertainty that gets me!
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