@sitirahman14 on GBPUSD | PriceONN Community

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sitirahman14 PRO newbie
GBPUSD Mar 31
Just finished watching some YouTube analysis on GBPUSD. The consensus seems to be that with the US Dollar weakening on easing Iran tensions, we might see a push higher here. Some are talking about a potential short squeeze if we break past resistance levels. Honestly, it feels a bit choppy though, maybe waiting for NY session to start.
GBPUSD

Replies (2)

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sitirahman14 PRO newbie Mar 31
The talk about the Eurozone inflation creeping up is also a factor, but seems like the USD weakness is the main driver for GBPUSD right now. If the Dollar keeps falling, we could easily see this pair climb past 1.3250, maybe even tag that R2 pivot at 1.3247. I'm watching that 1.32 handle closely; it's been a solid support zone for the past few days. If it holds firm after this Dollar dip, I'll consider a small long position, but honestly, I'm more tempted to just go full margin on this DXY drop, screw GBPUSD for now. Full leverage on that USD weakness is the play.
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sitirahman14 PRO newbie Mar 31
Yeah, that DXY weakness is interesting. But this Sydney session is dead quiet, hard to get conviction on anything. Might just hold off till later.
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