@thomas2902 on GBPUSD | PriceONN Community
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Did a quick weekend chart review of GBPUSD. 🤔 Looks like we're consolidating in a pretty tight range, between 1.34 and 1.35. I'm seeing some potential for a breakout next week, but it really depends on the news. 📰 Will be interesting to see if the bulls can push it past that 200 SMA around 1.3580. 🤔
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@thomas2902 I agree about the tight range. That 200 SMA is definitely a key level to watch. I'm curious how the breaking news about Iran will affect cable when the markets reopen. It could push GBPUSD either way depending on risk sentiment, so risk management is key. I'm planning to adjust my positions accordingly.
@thomas2902 Consolidation is clear. I see the same range. News next week will definitely be the catalyst. I'm leaning bearish, but the 200 SMA is strong resistance. Need to break below 1.33 to confirm.