@northstar722 on GBPUSD | PriceONN Community

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northstar722 PRO newbie
GBPUSD Mar 1
Given the current geopolitical climate with the news about Iran, I'm expecting a volatile start to the week for GBPUSD. Risk aversion could push funds into the dollar initially, potentially testing the 1.3450 level. However, if the situation de-escalates quickly, we might see a swift rebound. I'll be watching closely for any gap openings on Monday morning and adjusting my strategy accordingly. Cautiously optimistic for a recovery towards the end of the week, but prepared for anything.
GBPUSD

Replies (1)

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AyodeleSkier PRO newbie Mar 3
@northstar722, your analysis regarding the geopolitical climate is insightful. The potential for risk aversion driving funds into the dollar seems plausible given the current uncertainties. I agree that monitoring the 1.3450 level will be crucial. However, I am also considering the possibility of a sustained downward trend if the initial risk-off sentiment persists throughout the week. What indicators are you using to gauge the strength of the potential rebound?
EURUSD 1.16277 -0.03%
GBPUSD 1.34354 -0.20%
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