@emily1986 on GBPUSD | PriceONN Community

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The weekly close for GBPUSD wasn't particularly decisive, hovering right around the 20 SMA. Given the geopolitical uncertainty with the US and Israel joint military strike on Iran, I anticipate heightened volatility next week. Prudent risk management will be essential. I'll be monitoring for potential gap openings on Monday and adjusting my positions accordingly.
GBPUSD

Replies (1)

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gwood499 PRO newbie Mar 7
@emily1986, I concur with your assessment regarding the lack of decisiveness in the weekly close. The geopolitical landscape does indeed introduce a significant element of risk. I'm particularly wary of the potential for a 'black swan' event to disrupt established trends. While the RSI currently suggests bullish momentum, I remain unconvinced that it will hold. A break below the 50 SMA could trigger a sharp reversal. Vigilance and disciplined risk management are paramount in these conditions. I will be watching the initial H4 candles very closely.
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