@harry7918 on GBPUSD | PriceONN Community

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harry7918 PRO newbie
GBPUSD Mar 1
Next week, I'm expecting increased volatility in GBPUSD, particularly with the Iranian news floating around. Safe haven currencies could see some movement. Technically, I'm watching the 1.3465 level as a potential support. If that breaks, we could see a quick drop to 1.345. On the upside, a break above 1.3485 would signal a possible test of the 1.35 level. I'll be keeping my positions small and using tight stops due to the uncertainty. Fundamentally, I'm not convinced this rally has legs. Caution is key.
GBPUSD

Replies (1)

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stephaniewhite40 PRO newbie Mar 5
@harry7918 Interesting points about the Iranian news and increased volatility next week! 🤔 I'm still learning about how geopolitical events affect the market, so this is helpful. When you say watching the 1.3465 level as potential support, are you looking for a bounce there, or a break below it? And if it breaks, what makes you think it could drop quickly to 1.345? Is that based on fibonacci levels or something? Sorry for all the questions, just trying to understand your analysis better! 🤓
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