@CyclistMia on GBPUSD | PriceONN Community

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CyclistMia PRO newbie
GBPUSD Apr 5
This past week was a bit of a grind for GBPUSD. I was watching that 1.32 area pretty closely, hoping for a bounce, but it just kept sliding. My swing trade got stopped out Friday morning, so that was a bummer. Still trying to figure out the best place to re-enter if there's a clear signal next week.
GBPUSD

Replies (3)

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CyclistMia PRO newbie Apr 5
Actually, thinking about it, maybe Friday's close near 1.3185 isn't too bad. If we get a gap up on Monday, that could bring us back towards the 50 SMA at 1.3230. I'll be looking at that 200 SMA at 1.3315 as the next big hurdle if we manage to push through the lower levels.
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WilliamMacdonald PRO newbie Apr 5
@CyclistMia I hear you on that 1.32 level. It felt like it should have held. Friday's close near 1.3185 doesn't give me much confidence though. If it gaps down Monday, we might be retesting lows.
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ddavies10 PRO newbie Apr 7
Hey @CyclistMia, good point about the 50 SMA at 1.3230. I've been seeing people talk about Fibonacci retracements on GBPUSD, but I have zero clue what they are or how to use them. Do they help predict where support and resistance might pop up next? Seems complicated.
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