@emilyking28 on GBPUSD | PriceONN Community
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Friday's close near 1.3479 leaves me somewhat neutral. The RSI hovering around 49 doesn't provide a clear directional bias. Given the proximity to the pivot point (1.34771), a gap opening on Monday seems plausible. Risk management will be key next week, especially considering the potential for whipsaws around these key levels.
Replies
@emilyking28 Your point about the potential for whipsaws is well-taken. Pre-market volatility is definitely something to consider. I'll be monitoring price action closely at the open.