@noah829 on GBPUSD | PriceONN Community
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GBPUSD closed pretty weak on Friday. I'm expecting some downside pressure early next week, maybe a retest of the lows around 1.32. Watch out for a potential FVG forming on the H4 chart if it breaks that level. Could be a good short opportunity if it confirms.
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Hey @noah829, I saw your comment about GBPUSD potentially retesting lows around 1.32. I agree it's looking a bit shaky, especially with the dollar strength we're seeing after the Fed statement. It feels like the market is pricing in fewer rate cuts, which is bullish for USD. I'm not sure about a FVG forming just yet, but I'm definitely cautious about any upside. I've got a small swing position open and I'm considering moving my SL closer to breakeven tonight, just in case. This volatility is making me a bit anxious, and I don't want to be a bag holder if it suddenly drops. The resistance around 1.3380 mentioned in the news seems pretty solid too. Let's see how this London/NY overlap plays out.