Weekend for GBPUSD. Friday close was below 1.3270, and that RSI is still sitting in the 30s. Honestly, worried about a gap down on Monday open with all this oil price news pushing the dollar higher. Feels like more downside ahead.
What bothers me is that if it gaps down, will it just keep falling? I'm holding a small long from higher up, and I really don't want to be a bag holder. This whole stagflation fear is making me nervous. Maybe I should just cut my losses before Monday...
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anjalireddy18PROnewbieMar 28
Yeah, I saw that oil spike too. If that dollar strength continues, Monday could be rough for GBPUSD. Hope it doesn't gap down too hard.