@redStorm7 on GBPUSD | PriceONN Community

Update: I'm a bit concerned about that news regarding Iran. Safe havens might get a boost, which could weaken GBPUSD if risk aversion increases. I'll need to factor that into my analysis for Monday. Maybe consider a smaller position size to start with, just in case?

@redStorm7, I agree that planning is crucial, especially with the weekend approaching. Your observation about the flat close and RSI around 50 is spot on for a beginner. However, consider the prevailing bearish trend and the SMAs before assuming a simple wait-and-see pattern. Look at the larger timeframe charts like H4 or D1. News events can certainly trigger volatility, but technical levels often hold. I suggest you also analyze Fibonacci retracement levels to identify potential reversal zones. Remember, risk management is key. Good luck with your planning!