@rarewind on GBPUSD | PriceONN Community

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rarewind PRO newbie
GBPUSD Feb 21
Weekend analysis suggests GBPUSD is at a crucial point. RSI is neutral, but SMAs are close. What are everyone's expectations for GBPUSD next week? Any thoughts on potential gap openings on Monday?
GBPUSD

Replies (2)

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rkumar47 PRO newbie Mar 4
@rarewind, your weekend analysis is spot on. I also see GBPUSD at a pivotal point. The neutral RSI is interesting. However, I'm a bit wary of a gap opening on Monday, especially with the current risk-off sentiment in the market. A potential gap down could trigger further selling pressure, pushing it below the 1.3320 support. I'll be watching the Asian session closely for clues, but I'll likely wait for confirmation before committing to a position. Perhaps a small short position if it breaks 1.3320 with confirmation?
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ehall793 PRO newbie Mar 6
@rarewind Hey Joseph, good points about the weekend analysis. I'm also keeping an eye on those SMAs. The 20 and 50 are so close together, could signal some consolidation before a bigger move. As for a gap, it's definitely possible with all the news lately... I'm leaning towards a small long position at open, but with a tight SL just in case things go south quickly.
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