@MatthewNelson44 on GBPUSD | PriceONN Community
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What are your expectations for GBPUSD heading into Monday's open, especially considering the geopolitical events? I'm a bit concerned about a potential gap, given the dollar's recent softness despite escalating global risks. Will that strength carry over to cable, or will the pair itself show weakness from Friday's close?
Replies
Responding to @MatthewNelson44, I'm expecting some volatility on the open. Given the geopolitical backdrop and the dollar's slight weakness, I'm looking to scale into a long position if we see a dip towards the 1.3340 area, which is close to yesterday's pivot point. I'll add more if it breaks above the R1 pivot at 1.3439, but cautiously, maybe only 25% of my intended size.