@sophie1991 on GBPUSD | PriceONN Community
Another weekend, another wait for the markets to reopen! It's quite frustrating when you have a trading plan ready to go and you're just sitting on your hands. I've been reviewing my charts and backtesting some strategies. Hopefully, the GBPUSD will present some clear opportunities next week. I'm particularly interested to see how it reacts to the recent economic data releases.
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Update to my earlier comment: I’ve been thinking about the potential impact of the geopolitical situation. With the news of the US and Israel's joint military strike, risk aversion could increase significantly when markets open. This might actually strengthen the USD initially, putting downward pressure on GBPUSD. I'll be monitoring the situation closely, but I may adjust my strategy to account for this increased volatility. I think a gap down on Monday is very possible. I am considering a small hedge position to protect my portfolio over the weekend, given the uncertainty. It's always better to be prepared for the unexpected!