@angelascott on GBPUSD | PriceONN Community
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Looking at the weekly chart for GBPUSD, that pullback on Friday was pretty significant. We closed below the 50-day SMA which was acting as support near 1.3340, and also below the P pivot point. The RSI is sitting in neutral territory around 42, but the MACD is showing some bearish crossover signs on the daily. I'm watching that S1 pivot at 1.3305 closely; a break there could signal further downside. The recent dollar weakness mentioned in the news is still a bit confusing given the risk-off sentiment, but it could be a temporary anomaly. I'm more inclined to look for short opportunities if we see continuation of Friday's price action, maybe targeting that liquidity grab below the weekly lows if the bears really take control. For now, it's just about waiting for Monday's open and seeing if that geopolitical risk premium widens or fades.