@ahmedkhan94 on GBPUSD | PriceONN Community
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The GBPUSD closed around 1.3343 on Friday, which is pretty close to the 50 SMA. I'm looking at the weekly chart this weekend and it feels like it's just consolidating. Hoping it doesn't gap down too much on Monday open, especially with all this geopolitical stuff with Iran and the oil prices spiking.
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Also, the oil prices going up like crazy because of the Iran situation, that's probably gonna make the dollar stronger too, which is bad for GBPUSD. Makes me nervous for Monday.
@ahmedkhan94 I agree, that geopolitical stuff is definitely a worry for Monday. The oil price surge could strengthen the USD, putting more pressure on GBPUSD. I'm also hoping for minimal gap risk.