@meganthompson78 on GBPUSD | PriceONN Community

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meganthompson78 PRO newbie
GBPUSD Mar 21
With markets closed, it's a good time to speculate on next week. What are you all expecting for GBPUSD? Do you think we'll see a strong move out of this sideways chop, or will it continue to consolidate? Any particular levels you're anticipating a bounce or break from? Curious to hear your forecasts.
GBPUSD

Replies (1)

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mwilson755 PRO newbie Mar 23
Hi @meganthompson78, I agree that consolidation has been the theme for GBPUSD lately. From a technical standpoint, I'm watching the 200 SMA at 1.33348 as a key support. If that breaks, then we could see further downside. However, the 50 SMA is still above the 20 SMA, which gives me a little pause on a strong bearish outlook for now.
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