Alright, looking at GBPUSD's weekly close, it's kinda stuck in the middle. RSI's neutral, so not screaming buy or sell. Gotta see if it can break past that 1.35 resistance next week. Maybe some news event will shake things up.
Update: Thinking a small long position might be worth it if it dips near 1.3475. SL around 1.3460 just in case.
T
trueCreek4PROnewbieMar 2
@EthanRoy12, I agree that 1.35 resistance is key. However, with the news regarding Iran, a risk-off sentiment could strengthen the dollar, pushing GBPUSD lower before any potential breakout. It might be prudent to wait for the market to digest the news before making any significant moves based purely on technicals. Fundamentals could override the chart patterns here.