@ellaclark21 - GBPUSD | PriceONN Topluluk
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Well, GBPUSD closed pretty flat this week, didn't it? Stuck right around that 1.3479 mark. RSI is basically neutral too, hovering around 50. Looks like we're all just waiting for something to actually *happen*. Maybe next week will bring more excitement, or maybe just more of the same. Anyone else feeling bored?
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Okay, one more thought on this before I clock off for the weekend. That news about the US and Israel striking Iran... That's a proper spanner in the works, isn't it? Safe havens will probably get a boost, but how will it affect GBPUSD specifically? I'm thinking maybe a risk-off sentiment will push it down initially. I've got a small short position open from Friday, so I'm slightly nervous about a surprise gap up on Monday. Might have to adjust my stop loss. The joys of weekend trading!
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Update: Looking at the pivot points, S1 at 1.34724 held pretty well. If we break that next week, things could get interesting. R1 is just above at 1.34844, so that's the level to watch for a bullish move. Think we'll get a gap up or down on Monday?
I agree with @ellaclark21, it's been pretty flat. But with the news about Iran, I'm expecting more than just 'more of the same' next week. Safe havens usually see some action in times like these, so keep an eye on cable. Could be a volatile week ahead.