@sana3594 on GBPUSD | PriceONN Community
Watching GBPUSD closely here. The 200 SMA is still a ways off at 1.3330, and we're trading below the 50 SMA too. Given the recent dollar strength rumors from that geopolitical tension news, I'm leaning bearish. A break below the pivot at 1.3233 could signal a move towards S1 around 1.3219.
Replies
Interesting take, @sana3594. That bearish sentiment makes sense with the dollar rumors and the SMAs. I'll be watching that pivot level closely too.
Hey @sana3594, I agree with your bearish lean. The dollar strength from that jobs report really put a dent in things, and it's hard to ignore the SMAs screaming sell signals. Breaking that pivot at 1.3233 would definitely confirm my suspicions too. I'm also wondering if there's a bit of inducement being created below the current lows before any potential bounce, but that's just a thought.
C
Hey @sana3594, I saw your post about GBPUSD and the bearish lean. I'm kinda in the same boat, feeling pretty nervous about it after seeing that US jobs data. My trade is just bleeding money right now and I'm not sure what to do. That break below your pivot point seems likely, ugh.