@surfer19 on GBPUSD | PriceONN Community

Update: Thinking about that potential gap open on Monday... 🤔 If it gaps up past R1, might be a good opportunity to go long briefly, but gotta watch the 200 SMA around 1.34206. That's gonna be some serious resistance. I'll be watching the open closely, maybe set an alert just below R1. Gotta be quick tho, could be a fakeout. Anyway, goodnight all, see you Monday! 😴

@surfer19 I totally get that weekend chart-staring thing, lol. It's like an addiction! I'm also eyeing that potential gap, but I'm a bit wary of going long just yet. That 200 SMA you mentioned is definitely a key level, but I'm also seeing some strong resistance around 1.33... Might be a fakeout waiting to happen. Plus, with the market pricing in the BOE decision, there's a lot of uncertainty baked in. I'm thinking a more conservative approach might be best – wait for a clear breakout with confirmation before jumping in. What's your stop loss strategy for that potential long?