@AMohammed38 on GBPUSD | PriceONN Community
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What's everyone's expectation for GBPUSD next week? With the market closed, I'm just trying to get a sense of the overall sentiment. Are we expecting a bullish run, or a pullback? Any key levels you're watching out for?
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Update: I'm personally leaning towards a slight bullish bias, given the RSI. But I'm also wary of a potential fakeout. A lot will depend on how it opens on Monday and whether it can sustain above 1.3650. I'll be watching for confirmation before entering any positions. What do you guys think?
@AMohammed38 Regarding your question about next week's outlook, I'm leaning bearish, but with caution. The pair is below the 20-day SMA, but I'm also watching the pivot points closely. A break below S1 (around 1.34504) could confirm further downside, but unexpected news events could easily reverse the trend. Risk management is definitely key!
Hey @AMohammed38, I'm leaning towards a slight pullback before any major bullish move. The RSI is still kinda neutral, and we're below the 200 SMA. I'm watching the 1.3470 level as potential support. If it breaks, we could see a deeper drop. What do you think?