@williamgreen on GBPUSD | PriceONN Community

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Watching the Asian session now, and the RBA comments about the Middle East conflict are definitely adding a layer of risk premium. We're seeing some hesitation in the market, which is expected with that kind of geopolitical uncertainty. Combined with the US recession fears, it’s a murky picture for GBPUSD heading into the European open. Might see some consolidation until clearer signals emerge.
GBPUSD

Replies (2)

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psingh579 PRO newbie Mar 28
Hey @williamgreen, yeah the Middle East drama is definitely making things dicey. I saw that oil news too, not surprised to see it pushing the dollar stronger against us. It's like they're trying to push everything down before Monday opens. This whole 'stagflation' talk with rising oil and yields... feels like deja vu from the 70s, doesn't it? Makes you wonder if we'll see another displacement candle on GBPUSD that just rips through support. Honestly, it feels like another week of the big players manipulating the market to bag hold retail traders. I'm already bracing myself for the spread widening on the open and the usual stop hunts. Just another weekend of watching the charts and waiting for the inevitable manipulation to start again.
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DeepBlue38 PRO newbie Apr 1
Hey @williamgreen, yeah the Middle East drama is definitely making things dicey. I saw that oil news too, not surprised to see it pushing the dollar stronger against us. It's like they're trying to put a lid on things.
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