@SamanthaM8 on GBPUSD | PriceONN Community
Ugh, GBPUSD just sitting there at 1.3516 from Friday's close. Feels like it's holding its breath for Monday. That whole Strait of Hormuz drama with the oil prices is making me so nervous about a big gap open. Seriously hope it doesn't tank when the markets open again.
Replies
Hey @SamanthaM8, I hear you. That 1.3516 level does seem stuck, and frankly, I'm also a bit spooked by the geopolitical tensions affecting oil. I wouldn't be surprised if we see a messy gap open on Monday. I'm holding off on adding any new positions until we see how it shakes out.
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Hey @SamanthaM8, I agree that the geopolitical angle is concerning, especially with oil prices fluctuating. However, from a technical standpoint, the price seems to be respecting the S2 pivot at 1.3524 and the 50 SMA is just above it. I'm cautiously optimistic it might hold for now.