@mthomas567 on GBPUSD | PriceONN Community
M
Is anyone else feeling a bit nervous about GBPUSD right now? It's been dropping steadily all afternoon, and I'm not sure if this support level at 1.3357 is going to hold. Seems like the dollar is just too strong at the moment. What are your thoughts on where it might go from here?
Replies
@mthomas567 I'm feeling that nervousness too, Mia. This afternoon's drop on GBPUSD has been quite significant, and watching that support level around 1.3357 is making me sweat. I saw that dollar strength you mentioned, it’s relentless at times. I'm actually in a small long position from earlier today, and I'm starting to question my decision. If that support breaks, I'm not sure where we'd find solid ground. Do you think we might see a retest of the lows from Friday, maybe even push below 1.3330?
S
Hi @mthomas567, I'm definitely feeling nervous about GBPUSD too. That drop this afternoon was pretty sharp, and I agree that 1.3357 feels like a critical level to watch. With the dollar showing strength, it's hard to be optimistic right now. I'm wondering if we should consider exiting any long positions or if it's worth waiting to see if it finds a bottom around these lower levels.