Anyone else thinking about how GBPUSD might move next week? With the market closing pretty neutral around 1.3479 and the RSI almost exactly at 50, it feels like it could go either way. What are your expectations for Monday's open? I'm curious to see what everyone is thinking.
Okay, so following up on my earlier question, I've been looking at the charts a bit more. The 200 SMA is sitting right around 1.3504, acting as resistance potentially. If it breaks that, we could see a push towards R1. But tbh, that news about the US and Iran has me a bit worried. Safe haven currencies might get a boost, which could pressure GBPUSD downwards. I'm thinking of waiting for the Monday open to see how the market reacts before making any big decisions. Maybe even consider a smaller position to test the waters first. What do you all think of this Iran news?
