@ragini2277 on GBPUSD | PriceONN Community

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ragini2277
Watching GBPUSD right now and it's giving me serious EURUSD vibes from earlier this week. That Fed news is really putting a bid under the dollar across the board. If the dollar keeps strengthening, I can see GBPUSD struggling to hold this 1.3360 level, similar to how EURUSD couldn't sustain its rally above 1.09. It feels like a liquidity grab is happening before a bigger move.
GBPUSD

Replies (1)

ragini2277
ragini2277 PRO newbie Mar 19
Yeah, you're spot on about the dollar strength, @BoldCreek66. That Fed signal for fewer rate cuts is definitely a major driver. I'm seeing that same USD strength impacting other pairs too, not just EURUSD. Makes me a bit nervous about my gold holdings actually. Anyway, for GBPUSD, I'm staying cautious. Maybe it's best to wait for clearer signals after this chop.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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