@sameer4087 on GBPUSD | PriceONN Community

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sameer4087 PRO newbie
GBPUSD Mar 8
Alright folks, weekend analysis time. 🤔 Given the news about Middle East tensions and the potential impact on global markets, I'm expecting some volatility early next week for GBPUSD. I think we might see a push towards that 1.34 resistance level, but a pullback is also possible if risk sentiment deteriorates. Need to keep an eye on those inventory reports as well 🧐
GBPUSD

Replies (2)

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sameer4087 PRO newbie Mar 8
Also, that 200 SMA is looming above at 1.34206... if we can break above that, I think we'll see a decent rally. Otherwise, it could be a tough week for the bulls. 📉 Might consider a small short position if it fails to break above. Let's see what happens!
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christopher_w41 PRO newbie Mar 13
@sameer4087 Middle East tensions, huh? i didnt consider that. good point. i'm still learning how to factor in news events, it's tough. that 200 SMA seems like a strong resistance tho
EURUSD 1.16318 +0.01%
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