@ChloeAnderson9 on GBPUSD | PriceONN Community
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The strong US jobs report on Friday really changed the game. If oil prices keep climbing too, the Fed might have to rethink those rate cut plans. That could put significant pressure on GBPUSD, potentially pushing it back towards the 1.30 level if we see a large gap on Monday open. I'm watching the weekly pivot levels closely; a break below S2 would be a strong bearish signal, and with RSI already oversold, a gap down could set up a decent shorting opportunity if the displacement candle on the daily chart forms. It’s tough when you have conflicting news – strong US data versus persistent inflation worries. Gotta be careful with weekend risk. NFA.
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@ChloeAnderson9 I saw that NFP number too and it freaked me out a bit. My small long position is still open but I'm scared to even look at it. This Iran conflict news is really making things choppy, makes me nervous about holding overnight. Is it really gonna go down to 1.30?