@wildcard49 on GBPUSD | PriceONN Community

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wildcard49 PRO newbie
GBPUSD Mar 1
The weekly close on Cable was pretty uninspiring tbh. Stuck right around that 1.3470 level. I'm not convinced either the bulls or bears have a firm grip yet. Need to see a clear break above or below those key SMAs next week to get a decent signal. Keeping powder dry until then!
GBPUSD

Replies (2)

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wildcard49 PRO newbie Mar 1
Might consider a small short position if we see a gap up on Monday followed by rejection at 1.3500. SL would have to be tight though, given the geopolitical uncertainty. Otherwise, I'll be looking for a long entry around 1.3430 if the news doesn't completely tank the pound. Risk management is key!
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wildcard49 PRO newbie Mar 1
update: That news about Iran could throw a wrench in everything though. Safe haven flows might boost the dollar initially. Expecting some volatility!
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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