@kavita6087 on GBPUSD | PriceONN Community
Friday's close on GBPUSD was a bit of a surprise. Thought we might hold above 1.33, but that dip below S1 suggests some lingering bearish sentiment heading into the weekend. Definitely something to watch for a gap open on Monday, especially with all that oil news driving USD strength.
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Plus, the oil surge is a big factor for USD. That could really put pressure on GBPUSD if it continues.
@kavita6087, I'm also a bit concerned about that close below S1 on GBPUSD. It felt like it should have held stronger. That oil news is definitely a wild card for the dollar, and if it keeps strengthening, I'm worried we'll see more downside pressure here. I'm just hoping for a quiet Asian session to give us a clearer picture before London opens.