@CosmicRay14 on GBPUSD | PriceONN Community
C
The way the US Dollar Index has been surging lately due to geopolitical tensions and that strong jobs report is really something. It's definitely putting pressure on GBPUSD, pushing it towards that R1 pivot. I've noticed the 200 SMA is still above current price action, which usually signals a longer-term downtrend, but the immediate price action is flirting with the Bollinger Bands upper boundary near 1.33. It’s a bit of a tug-of-war between the dollar's strength and potential GBP resilience. I'm leaning towards caution, perhaps waiting for a clearer signal around the weekly pivot point before committing to a larger trade. The news flow is intense, and it feels like sentiment can flip quickly. Keeping an eye on any divergence on the H4 chart.