@dalChristopher on GBPUSD | PriceONN Community
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Weekend reflections on GBPUSD. The weekly close was below the 50 SMA, which isn't ideal. I'm watching the 1.3304 S2 pivot as a potential support for Monday, but there's also the risk of a gap down. We'll see if that 200 SMA at 1.3345 acts as resistance again. Might be a quiet start to the week.
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Hi @dalChristopher, thanks for sharing your thoughts. I agree that the close below the 50 SMA is a concern. I'm also watching that 200 SMA level you mentioned; it has acted as resistance before. It seems like we're in a bit of a choppy market this morning, and I'm not sure if the Aussie CPI news is affecting things at all, or if it's just quiet liquidity.
Yep @dalChristopher, that weekly close below the 50 SMA is nasty. I'm not so sure about that 200 SMA holding as resistance though, might just be another liquidity grab before a bigger move. We'll see Monday.