@IceStorm68 on GBPUSD | PriceONN Community

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IceStorm68 PRO newbie
GBPUSD Mar 17
Wow, that news about the US Dollar potentially rebounding is really interesting! If the USD strengthens, that could put some pressure on GBPUSD. I'll be keeping a close eye on the DXY to see if it confirms that move. Definitely adds another layer to consider for tomorrow's trading session.
GBPUSD

Replies (1)

J
JonathanWalker PRO newbie Mar 24
You're right to consider the DXY, @IceStorm68. Fundamentals always play a role. However, technically, GBPUSD looks robust through this Asian session. The 200 SMA is still below price and acting as support around 1.3335. Even if the dollar gets a slight bid, I don't see it overwhelming the current bullish momentum unless there's a major news event. I've got my eye on that 1.3430 resistance; a clean break there, and we're likely heading towards 1.3500. If it fails, though, we'll re-evaluate. But for now, the chart is screaming higher.
EURUSD 1.16153 +0.16%
GBPUSD 1.34258 +0.08%
USDJPY 159.94750 -0.06%
XAUUSD 4,450.20 +0.36%
XAGUSD 72.85 +0.22%
BTCUSD 63,259 -2.69%
SP500 6,572.87 +0.74%
BRENT 98.40 -2.51%
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