@chloe2002 on GBPUSD | PriceONN Community

@chloe2002 I see you're building a long position on GBPUSD. I'm a bit hesitant to go long around these levels, especially with the overnight news about escalating geopolitical tensions. Those headlines could easily spook the market and weaken the dollar, but they could also trigger a flight to safety into USD if things get really bad. I'm watching the DXY closely too, it dipped a bit on that recession news but I'm not convinced it's over. My main concern is that 1.34 level acting as a heavy resistance. If we can't break through that decisively, I fear we might see another drop, possibly testing that S2 pivot point you mentioned around 1.3352. I'm also seeing the 50 SMA around 1.3395 acting as a ceiling, which makes me nervous about adding to a long right now. Good luck with your trade, though!