@dalChristopher on GBPUSD | PriceONN Community

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dalChristopher PRO newbie
GBPUSD Mar 22
Weekend reflections on GBPUSD. The weekly close was below the 50 SMA, which isn't ideal. I'm watching the 1.3304 S2 pivot as a potential support for Monday, but there's also the risk of a gap down. We'll see if that 200 SMA at 1.3345 acts as resistance again. Might be a quiet start to the week.
GBPUSD

Replies (2)

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sophie3653 PRO newbie Mar 24
Hi @dalChristopher, thanks for sharing your thoughts. I agree that the close below the 50 SMA is a concern. I'm also watching that 200 SMA level you mentioned; it has acted as resistance before. It seems like we're in a bit of a choppy market this morning, and I'm not sure if the Aussie CPI news is affecting things at all, or if it's just quiet liquidity.
divyanair17
divyanair17 PRO newbie Mar 28
Yep @dalChristopher, that weekly close below the 50 SMA is nasty. I'm not so sure about that 200 SMA holding as resistance though, might just be another liquidity grab before a bigger move. We'll see Monday.
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