@rajesh1988 on GBPUSD | PriceONN Community

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R
This past week on GBPUSD was pretty choppy, ending around 1.3340. Given the DXY dip and that oil price surge from the Middle East news, I'm wondering if we'll see a gap up or down on Monday open. I'm not planning any big trades right away, just going to watch how it reacts to the initial price action. Might adjust my stop loss on my current position if we see significant movement early on.
GBPUSD

Replies (1)

R
rajesh1988 PRO newbie Mar 21
Thinking more about that geopolitical stuff, it's making me nervous about how the dollar is going to behave. If the DXY continues to slide like it did on Friday because of the Fed, that could push GBPUSD higher. But then again, that oil surge could cause inflation fears and make central banks get hawkish again. Hard to say for sure.
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