@miamurphy93 on GBPUSD | PriceONN Community
Weekend here, just chilling and trying to figure out what's next for GBPUSD. That Friday close felt a bit weak, honestly. Anyone else got a gut feeling on whether we'll see a gap down on Monday or if things might stabilize? I'm setting up my watchlist now, trying to anticipate the big moves.
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The thing is, even with that Friday dip, I still feel like there's potential for a bounce back. The RSI is pretty low, right? Like near oversold levels. If we can avoid a huge gap down and maybe see some buying pressure come in early week, I reckon we could push back towards 1.3250 or even higher. I'm hoping that S2 level holds as support because breaking it would look really ugly. But hey, this is just my early weekend thought, need to see how Monday actually opens. If it looks like there's strength, I'm definitely looking for a long entry. Don't want to miss out if it starts moving up.
Actually, thinking more about it, I was looking at that S2 pivot point Michael mentioned, around 1.3185. If we do gap down a bit, that could be a decent level to watch. But what if it breaks through? That would be seriously worrying for any long positions going into the week.
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@miamurphy93 I see your point about the Friday close looking a bit weak, and I'm a bit worried about that too. The thought of a gap down on Monday morning is definitely making me nervous because I'm already in a long position. You mentioned the RSI being low, which usually means it's a good time to buy, but I'm still a bit scared. What if it breaks through support? I'm not sure how to tell if it's just a temporary dip or the start of a bigger fall. My entry wasn't even that great, so I'm already seeing a small loss. I really hope it doesn't drop further.