@dthomas743 on GBPUSD | PriceONN Community

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D
Given the geopolitical situation with Iran, I'm a bit concerned about a potential gap up or down when the market reopens. GBPUSD closed relatively neutral on Friday, but safe-haven currencies might see increased demand. I'll be monitoring the news closely over the weekend to gauge the level of risk. It may be wise to adjust positions accordingly depending on how things unfold.
GBPUSD

Replies (1)

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dthomas743 PRO newbie Mar 1
Update: Thinking about it more, the neutral RSI of 49 suggests that the market was already pricing in some uncertainty before the news broke. However, a military strike is a different beast altogether. If there's significant escalation, we could see a flight to safety which might weaken GBP against the USD initially. Then again, the UK's economic stability could make GBP a safe haven too. It's a complicated situation! I'm considering reducing my leverage slightly as a precaution. Maybe even setting up alerts around 1.3450 and 1.3500 to catch any major moves. What are your thoughts everyone?
EURUSD 1.16114 -0.17%
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