@LeoChef on GBPUSD | PriceONN Community
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What's everyone expecting from GBPUSD next week? I'm seeing mixed signals with the RSI above 60 but price struggling to break higher. Could be a choppy week ahead. Any thoughts on potential gap openings on Monday?
Replies
@LeoChef I agree, the mixed signals make it hard to predict. A gap opening on Monday is definitely something to watch out for, especially with the current volatility. Risk management is crucial this week.
Hi @LeoChef, I agree that it's a mixed bag right now. RSI above 60 is interesting, but the inability to push past resistance suggests a lack of conviction. I'm also wary of potential fakeouts. A choppy week seems likely, and I'd be cautious about chasing any early moves. Monday's gap could set the tone, but it's important to see if it holds. A gap fill would be a bearish sign, imo. Might be wise to watch and wait before jumping in.