@samanthahall33 on GBPUSD | PriceONN Community
Man, this GBPUSD action on Friday was kinda weak, ending below that 20 SMA Jennifer mentioned. Honestly, I'm feeling a bit anxious about how it'll open Monday. With all that geopolitical stuff easing and the Fed looking like it'll hold rates, I reckon the dollar might weaken a bit, which could give us a nice gap up on the pound. Gonna be watching that 1.3550 level, feels like a good spot to take a shot.
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Wait, on second thought, I might have been too quick to bet on a gap up. I was just reading about how the core inflation in Canada is still subdued even with headline numbers rising, and that makes me think maybe the BoC won't be cutting rates aggressively. If other central banks are in a similar boat, the dollar might actually hold its ground or even strengthen a bit against the pound. I'm still leaning towards a long play on GBPUSD if it dips closer to 1.3500 on Monday, but I'm definitely gonna be more cautious and look for solid confirmation. Gotta be careful not to get caught in some fake inducement for liquidity grab.