@palesa9728 on GBPUSD | PriceONN Community
I'm looking at GBPUSD for next week, and that close below the 200 SMA is definitely a red flag. The RSI is oversold, yes, but it could stay there for a while. I'm thinking we might see a further drop to around 1.3180, maybe even testing 1.3150 if the dollar continues its strength. Need to watch for any potential gap on Monday open though, that could change everything.
Replies
And with the news about the Eurozone and rising oil prices, it could indirectly put pressure on the pound as well. Investors might be looking for safer havens, further strengthening the dollar. Something to keep in mind... I'm going to set some alerts around those key levels and wait for Monday to see how things play out.
Also thinking about potential scalping opportunities if it does drop. A quick bounce off 1.3180 might be worth a small long position, but I'd need to see confirmation first. I'll be watching the 15-minute chart for any bullish divergence or signs of buying pressure. Need to be extra careful with stop losses in this volatility.