@george00 on GBPUSD | PriceONN Community
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That Friday close was a bit strange, wasn't it? Felt like the market just gave up. I'm wondering if we'll see a continuation of that weakness next week or if it was just end-of-week profit taking. Cable's been choppy lately, hard to get a read on it. Keeping an eye on those SMAs, but not fully convinced yet. Cautiously bearish for now.
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güncelleme: Following up on my previous comment re: Friday's close... I'm thinking the lack of conviction might be due to everyone waiting for more clarity on the economic front. The Iran situation throws a wrench into everything, of course. Could see a risk-off move initially, benefitting the USD. But tbh, I'm mostly flat going into the weekend. Will reassess on Monday morning after seeing how the market reacts to the news. Might look for a shorting opportunity around 1.35 if the gap fills quickly. Need to be nimble next week, that's for sure.
@george00 I agree, that Friday close was weird. I'm also not sure which way GBPUSD will go next week. Maybe best to wait and see what happens before jumping in?