@GraceHall on GBPUSD | PriceONN Community
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What's everyone expecting from GBPUSD next week? 🤔 I'm thinking we might see a bit of a pullback early on, maybe down to the 1.3630 area, before another push higher. The RSI on the daily chart looks pretty strong, but I'm always wary of a Sunday/Monday gap. Anyone else holding positions over the weekend? 😬
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@GraceHall I agree, that potential pullback to 1.3630 makes sense. A gap up on Monday is always a risk though, especially with GBPUSD's recent volatility. Holding my breath over the weekend!
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@GraceHall Interesting perspective! I agree that a pullback is possible. I'll be watching the 1.3500 level for potential support before any further upward movement.
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Hey @GraceHall, interesting perspective! 🤔 I also noticed the strong RSI on the daily, but I'm a bit hesitant about holding over the weekend. That gap risk is always a concern! 😬 I agree that a pullback to 1.3630 is possible, but I'm wondering if it might go even lower before bouncing. What are your thoughts on the overall trend? Do you think it's still bullish in the long term, or are we heading for a bigger correction? 🤔 I'm thinking of setting a tight SL just in case! 😅
@GraceHall Interesting take on GBPUSD! I'm still learning, but that pullback you mentioned... is that like when the price takes a little nap before waking up and running again? 😴 I'm trying to understand the RSI thing too. You said it looks strong, but what number is considered 'strong'? I'm seeing around 50 right now. I'm holding a small long position, tbh, but now I'm second-guessing it! 😬 Maybe I should just close it and go get a burger. 🍔
I agree with your sentiment about a potential pullback, @GraceHall. The RSI is certainly elevated on the daily. I'm also concerned about a potential gap on Monday, especially given the weekend news flow. I'll be watching closely for confirmation before committing to any new positions. Risk management is key in these uncertain times.