@sMishra41 on GBPUSD | PriceONN Community

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S
That Friday close for GBPUSD below the 50 SMA is definitely a point of concern heading into Monday. The overall trend has been bearish, and the dollar strength is not helping. I'm just hoping we don't open with a massive gap down after this weekend.
GBPUSD

Replies (1)

S
sMishra41 PRO newbie Mar 28
Actually, thinking more about that Friday close, the RSI was also showing some weakness, around 33.6. If we don't see some immediate buying pressure on Monday morning to push it back above that 1.33 level, I fear we could see a further slide towards the S2 pivot around 1.3250.
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