@ironbear177 - GBPUSD | PriceONN Topluluk
Looking at the weekly chart, GBPUSD closed near resistance, but the bullish momentum is undeniable. The SMA 20 is trending above the SMA 50, reinforcing the upward pressure. However, the Bollinger Bands show price is at the upper band, which could suggest a potential retracement in the short term.
I'm anticipating some volatility early next week as the market reacts to Friday's close. A gap up is possible, but I wouldn't be surprised to see a brief dip before any sustained upward movement. My strategy is to remain patient and wait for a clear signal before entering any new positions.
I'm anticipating some volatility early next week as the market reacts to Friday's close. A gap up is possible, but I wouldn't be surprised to see a brief dip before any sustained upward movement. My strategy is to remain patient and wait for a clear signal before entering any new positions.