@amit4313 on GBPUSD | PriceONN Community

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amit4313
amit4313 PRO newbie
GBPUSD Mar 8
Next week, I expect GBPUSD to trade within a tighter range, possibly between 1.3340 and 1.3410. The oil crisis news will likely continue to weigh on risk appetite, limiting any significant upside. I'll be closely monitoring the 1.3400 level for signs of rejection; a clear break below 1.3370 would confirm my bearish bias.
GBPUSD

Replies (1)

S
sanjay8026 PRO newbie Mar 8
@amit4313 Your analysis about the 1.3340-1.3410 range seems reasonable. I agree that the oil crisis is a significant factor. However, I'm a bit concerned about relying too much on the news, as market reactions can be unpredictable. I'll also be watching the 1.3370 level, but I'll wait for further confirmation before making any decisions.
EURUSD 1.16096 -0.18%
GBPUSD 1.34224 -0.30%
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XAGUSD 73.93 -1.55%
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