@huimin2549 on GBPUSD | PriceONN Community
This past week was a bit of a mixed bag for GBPUSD. Friday's close below the 50-SMA at 1.33417 was concerning, and the overall drop of nearly 0.6% wasn't ideal. I managed to exit a small short position near the 1.3330 pivot point for a modest gain before the market closed. The neutral RSI at 42.6 doesn't offer much conviction either way for the upcoming week.
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Thinking about that geopolitical news regarding the US Dollar – if the DXY does indeed find strength due to these tensions, it could put further downward pressure on GBPUSD. I'll be watching for any significant gap open on Monday morning and how it reacts to the S2 pivot at 1.33048. A sustained break below that level would be quite bearish.
Hey @huimin2549, I saw that too. Friday's close was a bit weak for sure, dropping under the 50-SMA feels like a bad omen for Monday. 😥 I'm not sure about the geopolitical stuff affecting the DXY, but if it does, then yeah, GBPUSD is probably gonna get squeezed. I was kinda hoping it would hold the 1.33 pivot, but it looks like it couldn't. I'm mostly just watching from the sidelines this weekend, trying not to overthink it. Hoping for a steady open, but you never know with this pair! 🤷♀️