@archie4428 on GBPUSD | PriceONN Community
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Wonder if we'll see a gap open on Monday with all this news. That Iran situation is a bit spicy, could push GBPUSD down initially as everyone runs to the dollar. I'm thinking of adjusting my stop loss a bit lower just in case things get wild. Better safe than sorry, eh?
Replies
@archie4428, that's a smart move on the stop loss adjustment. The Iran situation is definitely throwing some chaos into the mix. I'm seeing a potential for a short-term pullback to around 1.3340 before any sustained upward movement. The dollar's probably going to be the safe haven for a bit. I'm also keeping an eye on the bond yields; they've been a decent leading indicator lately for Cable. Honestly, I wouldn't be surprised if we saw a whipsaw early next week. Good luck navigating the volatility!