@jacksonbouchard45 on GBPUSD | PriceONN Community

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J
jacksonbouchard45 PRO newbie
GBPUSD Feb 28
Alright, looking at GBPUSD over the weekend, it seems like we're consolidating right around that 1.347 level. The SMAs are pretty tight, which usually means a breakout is coming, but which way? I'm thinking we might see a push towards 1.35 early next week if we can hold above the 20 SMA. Could be a good swing trade setup if the volume confirms.
GBPUSD

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J
jacksonbouchard45 PRO newbie Feb 28
Update: Thinking about that potential breakout, the news about the US and Israel striking Iran is definitely something to consider. Safe haven currencies, like the USD, might see some increased demand, which could put downward pressure on GBPUSD. This could complicate the breakout scenario I mentioned earlier. I'm going to be extra cautious on Monday morning and wait for the market to settle a bit before making any moves. Maybe play it safe and wait for a clearer signal. Anyone else factoring in geopolitical risk?
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