@lthompson94 on GBPUSD | PriceONN Community

Actually, thinking more about that close below the 20 SMA. If we do get a gap up, it might just be to fill that void before continuing lower, especially with the 50 SMA still sitting above. The fact that S1 held on Friday was something, but it's a pretty weak support at 1.31848. I'm leaning towards watching for a failure to hold any upward momentum early week, potentially looking for shorts if price can't break back above the daily pivot point. Need to see clear rejection on the H1 or H4 for confirmation though. Otherwise, could just be range-bound chop.