@skapoor485 on GBPUSD | PriceONN Community

Looking at the GBPUSD weekly chart, that close below the 50 SMA at 1.3331 is a concern, especially with RSI sitting in oversold territory at 33.6. While there's potential for a bounce early next week, the macro picture with the dollar strengthening due to those geopolitical fears is a major headwind. I'm watching the 1.3256 S2 pivot as a key level to hold. If that breaks, we could easily see a liquidity grab down towards 1.3200 or even lower. The oil price surge and general risk-off sentiment could keep pushing the dollar higher, making it tough for cable to regain any significant ground. I'm planning to stay mostly out until we see clearer direction, maybe looking for shorts on any failed rallies towards the broken 1.33 handle.