@ashley3726 on GBPUSD | PriceONN Community
Seeing a lot of indecision on GBPUSD right now, especially with that doji candle forming on the H4 chart around 1.3230. It looks like neither the bulls nor bears have full control. Might want to wait for a clear break above the 50 SMA around 1.3257 or a solid rejection of the S1 pivot at 1.32138 before committing.
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And if that risk-off sentiment *does* hit, we could see GBPUSD test those lower pivots. Keep an eye on that 200 SMA sitting at 1.33018 as well, that's a key level to watch if we get any selling pressure.
Also, the fact that it's been choppy like this could be a precursor to some news event. That headline about geopolitical tensions resurfacing and impacting AUD/USD makes me wonder if we'll see similar risk-off sentiment spill over.
S
Hey @ashley3726, I totally get what you mean about the indecision on GBPUSD. That doji on H4 is a bit worrying, and yeah, the choppiness feels like something big is brewing. I saw those headlines too about the US jobs data really boosting the dollar, that's probably a big part of why we're seeing this weakness. It makes me nervous about holding any positions over the weekend, honestly. If that geopolitical stuff really kicks off, we could see a nasty gap open on Monday, and I don't want to be caught on the wrong side of it. Trying to decide if I should close my small long position before the weekend or just set a really tight stop loss. What are you thinking of doing?