@thomastaylor84 on GBPUSD | PriceONN Community

To add to my analysis, I'm also considering the possibility of a whipsaw effect early next week. The market may initially react strongly to the news, but then revert as traders assess the actual impact. This could create opportunities for short-term trades, but also carries significant risk. I'll be using tighter stop-loss orders than usual to protect against unexpected volatility. I'm also checking the Bollinger Bands to see how constricted they are; a breakout could be imminent. A break below S1 at 1.34724 might be a good short entry point. Still, caution is paramount.

Update: Further to my previous comment, the potential impact of that US-Iran news item is a significant concern. Safe-haven currencies might see increased demand, which could indirectly affect GBP/USD. If risk aversion intensifies, we might see further downward pressure on the pound. Therefore, I'm leaning towards a more cautious approach. I'll wait for a clear signal before committing to any significant position. Monitoring the initial market reaction to the news will be crucial.